Bitcoin Treasury company H100 raises SEK 109 million – has raised a total of SEK 1,095 million

The Board of Directors of H100 Group AB has today resolved on a directed share issue of up to 13,9 million new shares in the Company at a subscription price per share of SEK 7.82. The gross proceeds are then approximately SEK 109.2 million

H100 has now raised SEK 1,095 million in gross proceeds since initiating its Bitcoin Treasury Strategy. The net proceeds will be used to pursue investment opportunities within the framework of the Company’s Bitcoin Treasury Strategy. According to a previous announcement, H100 now has 628.22 BTC on its balance sheet.

The CEO of H100 is Sander Andersen (pictured)

Deviation from the shareholders' preferential rights


The rationale for derogating from the shareholders' preferential right is that the Board has carefully considered the possibility of recouping capital through a preferential issue, but has concluded that a deviation is in the best interests of the company and its shareholders. The main reasons are:

  • A preferential issue would have taken longer to implement, with the risk of market volatility,
  • The directed issue can be carried out at significantly lower cost and complexity,
  • The pace of the process allows the company to seize investment opportunities within the Bitcoin Treasury strategy, while maintaining a flexible and balanced capital structure,
  • Fierce competition in the sector to attract long-term and savvy Bitcoin investors requires quick and flexible actions, as a directed issue more easily allows,
  • The directed issue strengthens and diversifies the shareholder base with strategically important investors and increases the stock's liquidity.

Investors

The investors in the directed issue are Benjamin Calvin Brodhead, Peak Hodl Ltd, Crafoord Capital Partners AB, Nelis van de Wiel, Natanya Brooks, Loek Schellekens, Richard Ward Mundy and Mary Heyward Mundy (trustees for The Mundy Trust), Robbie van den Oetelaar, Gerben Moesbergen, Östen Carlsson and Eagles Rising AB.