Prolight announced that its rights issue was fully subscribed, eliminating near-term financing risk and securing the capital needed to finalise the development, verification and pilot production of the PsyrosTM system. The broad participation from the board, management and the company’s manufacturing partner (totalling SEK 20m) underscores confidence in Prolight’s strategy ahead of the critical commercial partnering discussions. With net proceeds of approximately SEK 100m before issue costs and set-offs and a new total share count of 1,203.6 million shares, we continue to find support for a fair value range of SEK 0.73–0.80 per share after the raise.
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