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Finwire

Finwire

W5 Solutions plans directed issue of SEK 150 million

The defence technology company W5 Solutions intends to carry out a directed new share issue of approximately SEK 150 million through an accelerated bookbuilding process. Approximately 65 percent of the net proceeds will go towards loan amortisation, 25 percent towards working capital and 10 percent towards, among other things, efficiency measures.

Chairman of the Board Jonas Rydin, CEO Evelina Hedskog and major shareholders, including Salénia, have expressed interest in participating.

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