The Subscription Period for Comintelli AB begins in preparation for listing on Spotlight Stock Market
October 15, 2018FRI, OCT 12, 2018 15:59 CET
Comintelli develops and licenses a cloud-based service for competitive/market intelligence called Intelligence2day®. The software service is used by companies of different sizes in order to create meaning and insight from a growing volume of digital information.
Over the recent years, the company has shown a significant growth and good profitability and, as far at the company can assess, the trend seems to continue through 2018. The company’s aim is now to become listed on Spotlight Stock Market. The main reason for the listing is to raise funds for continued growth through primarily an expanded marketing program.
”In order to continue our growth, we need to expand our marketing as well as develop new sales channels. Most of our sales already comes from export markets and our ambition is to increase support to our partners on international markets, in particular the US where there is a significant demand for our service,” says Jesper Martell, CEO of Comintelli.
Comintelli AB has been approved for listing. The approval is conditional upon that the share offer is utilized to a minimum of SEK 4,1 million, equaling 594 203 shares. Also, Spotlight’s ownership spread requirements must be met.
“We are proud to have been approved for listing on Spotlight. It is a significant seal of quality on Comintelli as a company to have been successfully audited and approved through the due diligence process that a listing requires. This is a strong source of confidence for our customers, partners, employees and owners,” Mr. Martell continues.
The Memorandum will be available on www.comintelli.com/ir , www.spotlightstockmarket.com and https://www.aktieinvest.se/comintelli2018 from the beginning of the subscription period.
THE OFFER IN SUMMARY
Subscription period: 15 October – 1 November 2018
Subscription price: 6,90 SEK
Subscription post: Minimal subscription post is 1000 shares, equaling SEK 6 900
New share issue volume: The offer comprises no more than 1 000 000 shares. At full utilization, the issue will allocate SEK 6,9 million to Comintelli before issue costs of approximately SEK 0.9 million
Minimum limit: The minimum limit for the new share issue’s implementation is SEK 4,1 million (60% of the issue volume)
Number of shares before the new share issue: 6 490 000 shares
Valuation: The company is valued pre-money at 44,8 MSEK
Expected first day of trading: 19 November 2018 under the ticker name COMINT
Subscription commitments: The Company has received subscription commitments of approximately SEK 3,5 million, a total of approx. 50 % of the issue volume.
For more information about the company, please contact the CEO, Jesper Martell, jesper.martell@comintelli.com
For more information about the offer, please contact Aktieinvest FK AB, emittentservice@aktieinvest.se, 08-506 517 95
jesper.martell@comintelli.com
+46 706 229 830
www.cominteli.com
