Delphi advisor to BeammWave in connection with rights issue

Delphi has advised BeammWave (publ) in connection with the company’s rights issue of Class B shares of a maximum of approximately SEK 65.0 million. The outcome shows that 8,273,675 Class B shares, corresponding to approximately 89.1 per cent of the Rights Issue, were subscribed for with the support of subscription rights. In addition, subscription applications for 6,661,015 Class B shares, corresponding to approximately 71.7 per cent of the Rights Issue, were received for subscription of shares without the support of subscription rights. The Rights Issue will provide BeammWave with liquidity of approximately SEK 65.0 million before deduction of issue costs attributable to the Rights Issue.

BeammWave AB operates in miniaturised communication solutions for frequencies above 24 GHz. The company is building a chip-based solution intended for next-generation 5G and 6G, in the form of a radio chip with antenna and associated algorithms. The company’s approach with digital beamforming is unique and patented, with the aim of delivering digital communication with higher performance at lower cost. The company’s Class B share (BEAMMW B) is listed on Nasdaq First North Growth Market in Stockholm.

Delphi’s team consisted of Micael Karlsson, Ludvig Borg and Elfie Ekegren Franzetti.