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K33 Launches Share Offering to Fund Bitcoin Accumulation Strategy

  • K33 has announced a share offering valued at a minimum of SEK 85 million to acquire Bitcoin for its balance sheet.
  • The move is part of a strategy to improve operational leverage, margins, and attract institutional partnerships.
  • Pareto Securities is appointed as the sole manager and bookrunner for the offering, with shares priced at SEK 0.1036.
  • CEO Torbjørn Bull Jenssen sees the offering as a milestone in K33's goal to accumulate 1,000 BTC.
  • Proceeds will directly fund BTC purchases to strengthen the balance sheet and introduce new products.
  • The offering targets Swedish and international investors with a minimum subscription amount set at EUR 100,000 equivalent.
  • Subscription opens on June 18, closing on June 19, with allocation decisions expected soon after.
  • Existing shareholders and the CEO have made pre-commitments towards the offering.
  • Participants need to back related resolutions at the upcoming general meeting in July.

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