CS MEDICA A/S issue of units prior to listing was oversubscribed

On August 31st, 2021, the subscription period in CS MEDICA A/S’s (”CS MEDICA” or the ”Company”) IPO of units (shares and consideration free warrants) prior to the planned listing on Spotlight Stock Market ended. The initial part of the IPO of units was subscribed to a total of approximately DKK 35.2 million, corresponding to a subscription ratio of approximately 158 percent. The Company will thus receive approximately DKK 22.3 million of which approximately DKK 3.9 million pertains to bridge loan, and approximately DKK 0.8 million is attributable to compensation (in the form of units) to bridge financiers. Furthermore, a previously obtained bridge loan (with no interest) of approximately DKK 2.8 million is to be redeemed against units in the offer. Through the issue, the Company will receive approximately 580 new shareholders. The first day of trading is expected to commence on September 14th, 2021.

Lone Henriksen comments
“I am proud to announce that the issue of units prior to our listing was oversubscribed. The strong interest in our business strengthens us as we proceed with our work. I want to welcome the new shareholders on board as we move towards the listing on Spotlight Stock Market and onwards, continuously scaling the business while entering new markets and growing our product portfolio.”