M.O.B.A. Proposes 11.3 Million SEK Share Issue to Cover Bond Debt
M.O.B.A. Network AB proposes a directed share issue of up to 11.3 million SEK to settle a remaining 1 million EUR bond amortization obligation due in September 2026.
M.O.B.A. Network AB has proposed a directed share issue of up to 11.3 million SEK. The company aims to use this capital to meet a bond amortization deadline. The deadline falls on September 30, 2026. Failure to pay the remaining debt would trigger a default event. The proposal seeks to issue a maximum of 11,915,962 new shares. Shareholders will vote on this plan at an extraordinary general meeting.
The company issued 25 million EUR in corporate bonds in May 2023. Amendments to these terms require the repayment of at least 10 million EUR by late 2026. M.O.B.A. has already repaid 9 million EUR of this amount. A remaining obligation of 1 million EUR stands. This outstanding balance constitutes the core of the Amortization Undertaking. The proposed share issue directly targets this specific liability.
Subscription Price Matches Market Rates
The subscription price is set at 0.95 SEK per share. This price equals the closing price on Nasdaq First North on September 14, 2026. It also matches the ten-day volume-weighted average price. The Proposers negotiated this rate on an arm's length basis. The total potential proceeds amount to 11,320,163.90 SEK. This figure includes both cash payments and debt offsets.
Existing Shareholders Secure the Capital
Six existing shareholders are identified as intended subscribers. NanoCap Group AB plans to invest up to 1 million SEK in cash. Henrik Kvick proposes a cash contribution of up to 1.8 million SEK. AB Rugosa Invest offers up to 200,000 SEK in cash. BGF Foundation AB intends to provide up to 1.2 million SEK in cash. These four entities will pay entirely in cash. Their combined maximum cash contribution is 4,300,000.25 SEK.
Two additional parties will participate through non-cash methods. The estate of Eva Gottschlich will contribute via a debt set-off. This set-off involves 605,000 EUR in bonds plus accrued interest. This action reduces the remaining amortization obligation by 605,000 EUR. The total value of this contribution is 6,870,163.45 SEK. Board member Björn Mannerqvist is also listed as a subscriber. His maximum allocation is 263,158 shares.
Debt Reduction Through Share Offset
The proposal splits the funding source into cash and debt cancellation. Cash proceeds will cover the remaining payment obligation. The debt offset directly reduces the nominal value of outstanding bonds. This mechanism lowers the total debt load immediately. The board received this proposal from individual directors. David Nylén and Robin Stenman submitted it in their personal capacities. They are not acting as a formal board committee. The company will now convene a general meeting for shareholder approval.
