Urb-it: Capital Raise Expected to Last Till Early-to-Mid Q4 2022

Research Note

2022-09-27

13:41

Urb-it raised SEK 23.3m from a pre-committed circle of existing investors, including Fjärde AP-fonden, Handelsbanken Fonder, and Skandia. The shares were issued at SEK 2.85 per share (~9 percent discount) and we expect the funds to last till early-to-mid Q4 2022. The net effect on our fair value range is negligible, and we keep our fair value range.

RJ

Rasmus Jacobsson

Sign up for free to continue

Already a member?

Sign in

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.