Clavister carries out new issues of shares of approximately SEK 234 million by way of a fully guaranteed rights issue amounting to approximately SEK 149.7 million, an oversubscription option of approximately SEK 30 million and a directed issue of approximately SEK 54 million to institutional and qualified investors

Clavister is a technology company founded in 1997 that develops and sells solutions for cyber security, an area of growing importance in today’s society. Up until 2017, the Company was mainly focused on research and development of the technical platform that today forms the basis of Clavister's offering. As of 2017, the Company is on a commercial growth journey with more focus on developing its sales and marketing. The result of this change can be seen in e.g. the increased order intake, which has doubled since mid-2017. Clavister's current customer base includes well-known brands such as Nokia, Ericsson, IWG, BAE Systems, NTTBP and E.ON. However, no single end customer or reseller today accounts for more than 15% of the total sales i.e. the Company has a healthy mix of large customers and thousands of smaller customers. Customer loyalty is high, illustrated by the fact that more than 90% of all customer contracts have been renewed during the last three years. A more well-defined focus on the development of sales and marketing means that the Company now attracts larger customers and projects, even though the total customer base is still diversified. During June 2020, the Company entered into an agreement with BAE Systems stipulating that Clavister's products will be used in BAE Systems' vehicles in several end customer projects. Another example is the Company's agreement with Nokia, where Clavister's technology is sold under the Nokia brand to mobile operators worldwide. Clavister now intends to further exploit this trend which the Company is experiencing with new types of customers and larger projects, to increase sales growth. Through sales and market development combined with increased working capital, the Company intends to carry out a verticalization and specialization around selected customer segments.

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