InCoax Networks AB held an extraordinary general meeting on 13 November 2026, approving a rights issue of up to 4,494,250,020 new shares to raise approximately 45 MSEK. The meeting also authorized a reduction of the share capital to 0.01 kronor per share and adjusted the company's articles of association to accommodate the expansion.
Neutral
🤖 60%
The extraordinary general meeting on 13 November 2026 approved the board's rights issue decided on 13 October 2026: up to 4,494,250,020 new shares at 0.01 kronor each, raising about 45 MSEK before costs, with record date 17 November 2026. The massive share-count expansion dilutes each existing holding, but the 30:1 ratio with subscription rights and the low subscription price largely offset the value loss, and the capital injection funds the company. The quota-value cut from 0.25 to 0.01 kronor is a technical step without share redemption.
Catalysts
- • Record date 17 November 2026 for subscription rights in the rights issue
- • Subscription period 19 November to 3 December 2026 for up to 4,494,250,020 new shares at 0.01 kronor
Risk Factors
- • Up to roughly thirty times the current share count in new shares creates heavy per-share dilution
- • Full subscription is not guaranteed; the 45 MSEK is only received if the issue is fully taken up