Freja eID Group AB’s SEK 70 Million Shares Private Placement

Cirio advised Freja eID Group on the deal.

Freja eID Group AB announced the issue of new shares to Swedish and international institutional investors through a private placement.

On 11 May 2021, the board of directors resolved on the directed issue authorised by the annual general meeting held on 6 May 2021. The company received gross proceeds of approximately SEK 70 million through the share issue. The issue volume and the subscription price were determined by an accelerated book-building process.

Freja eID Group develops products and services for digital identification. Freja eID Group is listed on Nasdaq First North Premier Growth Market in Stockholm.

Cirio team was headed by Annika Andersson (Picture), together with Oscar Lunde, Jesper M Johansson and Louise Åberg (Capital Markets and Public M&A).

Involved fees earner: Louise Åberg – Cirio Law Firm; Annika Andersson – Cirio Law Firm; Jesper Johansson – Cirio Law Firm; Oscar Lunde – Cirio Law Firm;

Law Firms: Cirio Law Firm;

Clients: Freja eID Group;

Author: Federica Tiefenthaler