Condo Nordic Expands with SEK 7.1M Share Issue

Condo Nordic Holding AB ("Condo" or the "Company") has taken a decisive step towards expanding its footprint in the Swedish market with a SEK 7.1 million directed share issue. This strategic move aims to bolster the Company's financial position and facilitate its entry into the corporate housing sector, an area poised for growth.

The directed share issue, divided into two tranches, offers a compelling opportunity for investors. Tranche 1, authorized by the board, comprises 4,090,212 units, while Tranche 2, pending approval at an Extraordinary General Meeting, includes 1,834,746 units. Each unit is priced at SEK 1.20, consisting of three shares and two warrants. The warrants provide an attractive option for investors, allowing them to subscribe for additional shares at a discount in November 2025.

Condo's strategic initiatives include acquiring key assets from HOMEstate AB and a Letter of Intent to purchase West Coast Stay AB, a leading corporate housing provider in Gothenburg. These acquisitions are expected to enhance Condo's operational capabilities and establish a robust presence in Sweden.

The decision to deviate from shareholders' preferential rights is strategic, allowing for a swift capital raise. This approach ensures the Company can attract new investors, improving ownership composition and liquidity.

Considering the current market conditions and the strategic direction of Condo Nordic, my recommendation is to buy the stock. The Company's expansion into the corporate housing market, coupled with its strategic acquisitions, positions it well for future growth. Investors should consider the potential for significant returns as Condo strengthens its market position.