Nelly resolves on a fully secured rights issue of approximately SEK 50 million
The Board of Nelly Group AB (publ) (“Nelly” or the “Company”) has today resolved on a new share issue with preferential rights for existing shareholders of approximately SEK 50 million before deduction of issuing costs (the “Rights Issue”). The purpose of the Rights Issue is to secure liquidity and enable Nelly to continue its transformation towards profitability. The Rights Issue is fully secured by subscription commitments and guarantee undertakings from the Company’s three largest shareholders Rite Ventures, Stefan Palm (through company) and Mandatum. The Rights Issue is subject to approval by an Extraordinary General Meeting to be held on 14 March 2023.