InfraCom Group’s $2.8 Million Shares Offering

Morris Law advised on the transaction

As a result of the great interest from the public, the share issue was considerably oversubscribed, corresponding to approximately 183 per cent of the offered number of shares. in the rights issue. The share issue included 1,900,000 new shares and was fully subscribed. The subscription price was determined to SEK 10.76. The company will receive proceeds amounting to approximately SEK 20,4 million and about 1,900 new shareholders.

Avanza Bank has acted as financial advisor and issuer agent to InfraCom Group.

InfraCom Group is based in Gothenburg and specialised in cloud-based telephony, IT operations, and hosting.

The company owns, operates, and develops IT infrastructure companies with a focus on maintaining high operating and data security. The services relate to cloud-based telephony, developed on the basis in a proprietary platform, login and control of websites, server and data management, as well as solutions for secure internet access.

Morris Law advised InfraCom Group with a team including Racine Ashjari (Picture), Gustav Thorslund and Anders Eriksson.

Involved fees earner: Racine Ashjari – Morris Law; Anders Eriksson – Morris Law; Gustav Thorslund – Morris Law;

Law Firms: Morris Law;

Clients: Infracom Group AB;