AAC Clyde Space has announced that a total of 188,000 AAC Clyde Space shares, issued as consideration for the acquisition of Spacemetric AB, have been registered, bringing the total number of shares in AAC Clyde Space to 5,891,835 from the previous 5,703,835.
The acquisition of Spacemetric AB was completed on October 1, 2024, as previously announced. In connection with closing, the board of directors in AAC Clyde Space resolved, with support from the authorization granted at the annual general meeting held on 23 May 2024, to issue 188,000 shares and 106,800 warrants to the current shareholders in Spacemetric, entailing a total increase of AAC Clyde Space’s share capital with SEK 589,600, provided that all earn-out milestones are fulfilled and that the warrants are exercised for subscription of shares.
The consideration shares are subject lock-up undertakings, whereby one third of the shares are subject to a lock-up for 360 days, one third of the shares are subject to a lock-up for 630 days and one third of the shares are subject to a lock-up for 810 days. Shares issued by exercise of the warrants will be subject to a lock-up for 360 days.
For further information on the transaction, please refer to the press release issued on July 3, 2024, which is available on www.aac-clyde.space.