Condo Nordic Holding

Condo Nordic Holding AB (publ) held an Extraordinary General Meeting where it was decided to conduct a directed issue of up to 1,834,746 units, each consisting of three new shares and two warrants of series TO 1, resulting in a maximum of 5,504,238 shares and 3,669,492 warrants. The subscription price is SEK 1.20 per unit, with a discount compared to recent stock prices. The issue is directed at strategic investors and company insiders to raise capital efficiently and expand the ownership base. Warrants allow for future share subscriptions at a price based on market averages. The share capital may increase significantly if the warrants are fully exercised. Payment for units is due within a week of the resolution, and the CEO is authorized to make necessary formal adjustments.

Condo Nordic Holding AB höll en extra bolagsstämma där man beslutade att genomföra en riktad emission av upp till 1 834 746 units. Varje unit består av tre nya aktier och två teckningsoptioner av serie TO 1. Emissionen omfattar högst 5 504 238 aktier och 3 669 492 teckningsoptioner, med en teckningskurs på 1,20 kronor per unit. Detta pris innebär en rabatt jämfört med tidigare aktiekurser. Teckningsoptionerna ges ut vederlagsfritt. Rätten att teckna units ges till ett begränsat antal strategiska investerare samt vissa styrelsemedlemmar och ledningen. Syftet är att snabbt och kostnadseffektivt samla kapital och bredda ägarbasen. Teckningsoptionerna TO 1 ger rätt att teckna nya aktier inom en angiven period till ett pris baserat på aktiens genomsnittskurs. Aktiekapitalet kan öka med upp till 1 376 059,50 kronor genom nyemission och ytterligare 917 373,00 kronor vid fullt utnyttjande av optionerna. Betalning för units sker inom en vecka från beslutet. Bolagets VD har bemyndigats att göra nödvändiga justeringar för registrering av beslutet.

Condo Nordic Holding AB har genomfört en riktad nyemission på 7,1 MSEK och två strategiska förvärv i Göteborgsområdet, vilket förväntas öka omsättningen med 15 MSEK årligen. Företaget har köpt operativa tillgångar från HOMEstate AB och avser förvärva West Coast Stay AB. Dessa förvärv stärker Condos position på den svenska marknaden för företagsboende och möjliggör framtida expansion. Emissionen riktades till kvalificerade investerare i Sverige och Finland för att finansiera etableringen och täcka initiala kostnader. VD Ville Valorinta uttrycker att dessa åtgärder ger bolaget en plattform för långsiktig tillväxt i Sverige.

Condo Nordic Holding AB (publ) kallar sina aktieägare till en extra bolagsstämma som hålls digitalt via Teams den 22 maj 2025. För att delta måste aktieägare vara registrerade i aktieboken senast den 14 maj 2025 och anmäla sig senast den 16 maj 2025. Förvaltarregistrerade aktier måste registreras i eget namn för att ge rösträtt. Aktieägare kan rösta genom ombud med giltig fullmakt. Stämman kommer att behandla en emission av aktier och teckningsoptioner där styrelsen föreslår att 1 834 746 units emitteras, med en teckningskurs på 1,20 kronor per unit. Emissionen riktar sig till medlemmar i bolagets styrelse och ledning för att snabbt och kostnadseffektivt skaffa kapital och bredda ägarbasen. Teckning och betalning ska ske inom en vecka från beslutet. Ytterligare information och handlingar finns tillgängliga på bolagets hemsida. Bolaget har totalt 20 407 347 aktier och röster.

Condo Nordic Holding AB (publ) is holding an Extraordinary General Meeting on May 22, 2025, at 9:00 a.m., which will be conducted digitally via Teams. Shareholders wishing to participate must be registered by May 14, 2025, and notify the company by May 16, 2025. Those with nominee-registered shares need to ensure their shares are registered in their own name by May 14, 2025. The meeting's agenda includes a resolution on issuing shares and warrants, with a proposed issue of 1,834,746 units, each consisting of shares and warrants, at a subscription price of SEK 1.20 per unit. This issue aims to quickly raise capital and expand the company's ownership base. The board and management members are eligible to subscribe to these units. The meeting will also cover procedural items like the election of the chairman and approval of the voting list. The proposal requires a nine-tenths majority for approval. All relevant documents will be available on the company's website and upon request. The company processes personal information in accordance with its privacy policy.

Condo Nordic Holding AB has decided to adjust the schedule for publishing its 2024 Annual Report and the date of its Annual General Meeting (AGM). This change is due to the company's recent strategic initiatives, including a directed share issue, strategic acquisitions, and an upcoming Extraordinary General Meeting, aimed at expanding its presence in the Swedish market. The new date for the Annual Report release is set for June 9, 2025, and the AGM will be held on June 30, 2025. These adjustments are intended to provide shareholders with a more comprehensive understanding of the company's progress. Official notice of the AGM will be communicated through standard channels. Condo Nordic Holding, listed on the Spotlight stock exchange in Stockholm, specializes in providing project accommodation and furnished apartments for corporate clients. For further information, contact Markku Jussila, Chairman of the Board.

Condo Nordic Holding AB has signed a letter of intent to acquire West Coast Stay AB for up to SEK 4 million. West Coast Stay AB operates in the corporate housing sector in Gothenburg and is expected to generate approximately SEK 13 million in revenue and a positive EBITDA in 2025. The purchase price includes SEK 3 million in cash and SEK 1 million in shares, contingent on revenue and EBITDA targets for 2025. The acquisition is part of Condo's growth strategy in the Nordic corporate housing market and aims to strengthen its market position. Completion of the transaction is planned for June 2025, subject to due diligence and a final agreement. The sellers will remain involved in the business during 2025 to ensure a smooth transition.

Condo Nordic Holding AB has entered into an agreement to acquire certain assets and operations from HOMEstate AB, including furniture, inventory valued at SEK 8 million, and 17 lease agreements for corporate apartments in Gothenburg. The acquisition aims to enhance Condo's presence in the Swedish corporate housing market, with expected annual revenues of SEK 2.5 million from the acquired assets. The purchase will be financed through a directed share issue of 2.4 million new shares, valued at approximately SEK 1.4 million. The transaction is subject to due diligence and is expected to be completed by June 1, 2025. HOMEstate AB and its shareholders will support the transition for 60 days post-completion. The press release also includes legal disclaimers and information about forward-looking statements, emphasizing the transaction's strategic importance for Condo.

Condo Nordic Holding AB has announced a directed share issue amounting to SEK 7.1 million, divided into two tranches, to support its expansion into the Swedish market. Tranche 1, comprising 4,090,212 units, has been authorized by the board, while Tranche 2, with 1,834,746 units, will be proposed at an Extraordinary General Meeting. The subscription price is set at SEK 1.20 per unit, with each unit consisting of three shares and two warrants. The directed share issue is aimed at securing capital for growth and strategic initiatives, including acquisitions to strengthen its presence in Sweden. The share issue deviates from shareholders' preferential rights to allow quick and cost-effective capital raising. The board has determined that this approach best meets the company's needs due to current market conditions. An Extraordinary General Meeting will be called to decide on Tranche 2, and board members and management have agreed to a seven-month lock-up period.

Styrelsen för Condo Nordic Holding AB har beslutat att skjuta upp publiceringen av årsredovisningen för 2024 till den 2 maj 2025. Datumet för årsstämman kommer att meddelas senare.