Fintech PR
SciBase announces outcome of directed issue and preliminary outcome of rights issue
STOCKHOLM, Jan. 13, 2025 /PRNewswire/ — SciBase Holding AB (“SciBase” or the “Company”) today announces the preliminary outcome of the capital raise, consisting of a rights issue of units of approximately SEK 59.3 million (the “Rights Issue”) and a directed issue of units, deviating from existing shareholders’ preferential rights, of approximately SEK 22.5 million (the “Directed Issue”), that was announced on November 12, 2024 (the “Capital Raise”). All 16,669,624 units in the Directed Issue have been subscribed and paid for, and thus the Board of Directors of SciBase plans to resolve on allocation of units to the investors in the Directed Issue on January 14, 2025. The preliminary outcome of the Rights Issue indicates that 22,916,119 units, corresponding to approximately 52.2 percent of the Rights Issue, were subscribed for both with and without the support of unit rights. The Rights Issue was covered to approximately 50.4 percent by subscription commitments, guarantee commitments and declarations of intentions to subscribe for units. Consequently, the guarantee commitments will not be utilized. Through the Rights Issue, the Company will initially receive approximately SEK 30.9 million, and through the Directed Issue the Company will initially receive approximately SEK 22.5 million, before issuance costs. Should all attached warrants of series TO 3 (the “Warrants”), relating to the issued units in the Capital Raise, be exercised, the Company may receive an additional amount of minimum SEK 53.4 million and maximum SEK 89.1 million.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION REQUIRES ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED BY SWEDISH LAW, IS PROHIBITED, OR OTHERWISE CONTRARY TO APPLICABLE RULES IN SUCH JURISDICTION OR CANNOT BE DONE WITHOUT APPLICATION OF EXEMPTIONS FROM SUCH MEASURES. SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.
Allocation of units in the Directed Issue
All units in the Directed Issue have been subscribed and paid for, and thus, the Board of Directors of SciBase intends to resolve on the allocation of 16,669,624 units in the Directed Issue, on January 14, 2025, in conjunction with the Company’s resolution on allocation based on the final outcome in the Rights Issue. Each unit in the Directed Issue consists of three (3) shares and three (3) Warrants. Through the Directed Issue, the Company will initially receive approximately SEK 22.5 million before issuance costs.
Outcome in the Rights Issue
The subscription period in the Rights Issue ended on January 13, 2025 and the preliminary subscription summary indicates that 22,674,031 units, corresponding to approximately SEK 30.6 million, or approximately 51.6 percent of the Rights Issue, were subscribed for with the support of units rights and 242,088 units, corresponding to approximately SEK 0.3 million, or approximately 0.6 percent of the Rights Issue, were subscribed for without the support of unit rights, for a combined total subscription, with and without the support of unit rights, of approximately 52.2 percent. The Rights Issue was covered to approximately 50.4 percent by subscription commitments, guarantee commitments and declarations of intentions to subscribe for units. Consequently, the guarantee commitments will not be utilized. Through the Rights Issue, the Company will initially receive approximately SEK 30.9 million before issuance costs.
Allocation of units in the Rights Issue will be conducted according to the principles specified in the EU growth prospectus issued in connection with the Rights Issue, published on December 20, 2024 (the “Prospectus“). Notifications regarding the allocation of units subscribed without the support of unit rights will be sent via contract notes to those allocated units. Nominee-registered shareholders will receive allocation notifications in accordance with the procedures of each respective nominee.
Number of shares and share capital
As a result of the Rights Issue, the Company’s share capital increases by SEK 3,437,417.85, from SEK 10,976,920.20 to SEK 14,414,338.05, through the issuance of 68,748,357 shares. Thus, the number of shares increases from 219,538,404 to 288,286,761 shares. The dilution effect amounts to 23.8 percent.
Through the Directed Issue, the number of shares in SciBase will increase by 50,008,872 shares, from a total of 288,286,761 shares (calculated on the total number of shares in the Company after the Rights Issue) to a total of 338,295,633 shares. As a result of the Directed Issue, the Company’s share capital will increase by SEK 2,500,443.60, from SEK 14,414,338.05 (calculated on the Company’s share capital after the Rights Issue) to SEK 16,914,781.65. The dilution effect from the Directed Issue amounts to approximately 14.8 percent of the number of shares in the Company (calculated on the total number of shares in the Company after the Rights Issue and the Directed Issue).
Should all Warrants, issued in the Capital Raise, be exercised, the number of shares will increase by an additional 118,757,229 and the share capital will increase by an additional SEK 5,937,861.45, corresponding to an additional dilution effect of approximately 26.0 percent of the total number of shares and votes in the Company (calculated on the total number of shares in the Company after the Rights Issue, the Directed Issue and full exercise of all Warrants).
Trading in BTU
Trading in paid subscribed units (“BTU“) will continue on Nasdaq First North Growth Market up to, and including, January 17, 2025.
Warrants
One (1) Warrant entitles to subscription of one (1) new share in the Company during the period from and including November 24, 2025, until and including, December 5, 2025. The subscription price when exercising the Warrants will be determined as 80 percent of the volume-weighted average price of the Company’s shares on Nasdaq First North Growth Market during the measurement period from and including November 10, 2025, until and including, November 21, 2025, however, no less than SEK 0.45 and no more than SEK 0.75 per share.
Advisors
SciBase has engaged Penser by Carnegie as financial advisor and Advokatfirman Schjødt as legal advisor in connection with the Capital Raising.
Certified Advisor (CA):
Carnegie Investment Bank AB (publ)
Phone: +46 (0)73 856 42 65
E-mail: [email protected]
For additional information, please contact:
Pia Renaudin, CEO, tel. +46732069802, e-mail: [email protected]
The information was submitted for publication, through the agency of the contact person set out above, at 8.00 PM on January 13, 2025.
About SciBase
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to enhance diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The Company has been listed on Nasdaq First North Growth Market since June 2, 2015, and the Certified Advisor is Carnegie Investment Bank AB (publ). For more information, visit www.SciBase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in SciBase in any jurisdiction, either from SciBase or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the “Prospectus Regulation“) and has not been approved by any regulatory authority in any jurisdiction. Acquisition of Units in the Rights Issue should only be made on the basis of the information in the formal Prospectus published by the Company in connection with the Rights Issue and which is made available on the Company’s website, https://investors.scibase.se/en/mid-disclaimer/107/83.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 (“Securities Act“) and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “implies,” “should,” “could” and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
This information was brought to you by Cision http://news.cision.com
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Fintech PR
AI must be better integrated into investment process, new buy-side survey by SimCorp shows
Key findings in the 2025 InvestOps report:
- A new report surveying 200 global buy-side operations leaders reveals that the majority (75%) understand the potential benefits of integrating AI, but need more information to integrate it into their investment processes.
- The respondents qualitatively highlighted a need for AI to support with investment analysis, decision making, risk management, data management and client engagement.
- The buy-side organizations plan to build more standardized data modeling (67%) and to consolidate systems for a common data layer (65%) to overcome challenges with their data infrastructure.
- ESG investing continues to be the business area where respondents see the greatest opportunity for technological innovation (58%), particularly in North America (81%).
NEW YORK and LONDON, Jan. 14, 2025 /PRNewswire/ — Buy-side organizations worldwide require more information on how to integrate AI into the investment processes, reveals the InvestOps Report, “Investment Management 2025”, commissioned by financial technology company SimCorp.
Based on a survey of 200 buy-side executives conducted by WBR Insights in Q4 of 2024, the report provides insights into the buy side’s challenges and priorities entering into 2025.
The survey shows that 75 percent of respondents understand the potential benefits of AI but need more information on how to apply it effectively to the investment processes, such as investment analysis, decision making, risk management, data management and client engagement. When asked which areas that would benefit most from the use of an AI tool, one respondent noted “An AI tool can be used to uncover risks that might have remained unknown to us”. Additionally, 16 percent feel unprepared to leverage AI, while 9 percent feel very prepared.
“AI is not about replacing jobs but augmenting human capabilities, enhancing decision-making processes, and increasing efficiency. However, the advancements in AI can deliver true value for investment professionals when supported by a unified data layer where all investment data is in one place, moving away from data siloes,” said Georg Hetrodt, Chief Executive Officer at SimCorp.
When asked how to measure the success of an AI tool in the investment process, the buy-side leaders prioritize increased efficiency in data cleaning (46%), followed by enhanced data visualization (42%) and accelerated time to insights (41%).
Addressing data challenges
The report also found that nearly half of respondents (47%) say their current data infrastructure is a combination of in-house and third-party solutions, leading to data challenges. The top three priorities for addressing these in the near term are building more standardized data models (67%), consolidating systems for a common data layer (65%), and utilizing AI tools for better insights and data predictability (65%).
“Data is the “key” to the front office, yet many firms struggle with fragmented and inconsistent data sources,” said Laura Kayrouz, Senior Partner & Global Co-Head of Investments at Alpha FMC and one of the report’s contributors. “The first step to overcoming this challenge is a thorough data audit to identify gaps and redundancies. Once completed, firms should implement a robust data governance framework to ensure data accuracy, consistency, and compliance. This framework will form the foundation for a centralized data management solution, capable of breaking down silos and enabling unified data access across teams.”
When asked about technology and operations, improving data and operations for multi-asset investment strategies (40%) ranked as the top initiative that the buy-side organizations are planning to implement. The main challenge for front office teams is the inability to manage multi-assets in one view (60%).
To effectively manage a multi-asset class portfolio — the primary challenge in supporting the front office – investment managers need a system architecture with a unified data layer that provides a total portfolio view in real time, with any changes made in one area of the business instantly reflected throughout the entire investment lifecycle for public and private markets. This is shown in the survey, where respondents plan to consolidate systems for a real time total portfolio view (64%) to address this challenge.
“What we see from this research is that investment managers increasingly need to invest in data strategies to support their goals and decision-making capabilities,” said Marc Schröter, Chief Product Officer at SimCorp. “Otherwise, when firms diversify their portfolios across more asset types, they risk adding complexity to their system landscape. This could lead to disparate silos of investment positions across the business, which slows the velocity of information and impacts the ability to scale. There’s a strong business case for data initiatives.”
Other key findings from the 2025 Global InvestOps report include:
- Improving operational efficiency is the top strategic priority guiding technology and operations investments for 2025.
- Inability to get a total firm-wide view of investments, risk and performance and launching new products in a timely manner are the key challenges for the buy-side firms’ existing current models.
- ESG investing is the business area with the greatest opportunity for technological innovation in the next few years, particularly in North America and APAC.
- Greater transparency in outsourced operations data tops the list for how the firms want to enhance their operating models in the next 24 months.
- Focus on core business is the most desired outcome by using an external service provider for non-core business processes.
To learn more about the findings and to access the full report, follow this link 2025 Global InvestOps Report | SimCorp
Survey Methodology
In Q4 of 2024, WBR Insights surveyed 200 Directors of Investment Operations and similar across APAC, EMEA, and North America, to find out about the challenges they are facing in 2024.
The report itself will be split in four, looking at how respondents are balancing their strategic priorities, the impact of data, the evolution of operating models and technological innovations being brought to the table. The survey was conducted by appointment over the telephone.
The results were compiled and anonymized by WBR Insights and are presented here with analysis and commentary by SimCorp and the InvestOps community.
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
About WBR Insights
We use research-based content to drive conversations, share insights and deliver results. Connect with our audience of high-level decision-makers in Europe and Asia from industries including Retail & eCommerce, Supply Chain & Procurement, Finance, as well as many more. From whitepapers focused on your priorities, to benchmarking reports, infographics, and webinars, we can help you to inform and educate your readers and reach your marketing goals at the same time.
CONTACT: Søren Rathlou Top, [email protected], +45 31 15 87 06
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LONDON, Jan. 14, 2025 /PRNewswire/ — Walletium lets customers manage digital assets and traditional currencies on their own terms — all in one place. With the help of Walletium’s native TEX token, sending tokens becomes simpler and faster — even if customers don’t hold them beforehand.
TEX is the operational backbone of the Walletium network:
- Transaction Fuel: Powers swaps and internal fees.
- Real Utility: Grows with platform adoption, rewarding everyday usage.
- Fair Pricing: Launched at $0.05, reflecting real demand rather than hype.
Central to Walletium is the Walletium Keyring, a universally formatted system for addresses and assets. Customers can freely import, create, and manage their addresses and private keys—without rigid workflows. We’ve designed Walletium to adapt to our customers, ensuring convenience never compromises security.
One of Walletium’s standout innovations is its near-zero fee internal transfers, covering token swaps and P2P transactions. Inside the Walletium ecosystem, customers can send tokens quickly and at minimal cost—even if they temporarily lack that token. TEX fuel dynamically covers these transactions, letting customers interact with any listed token whenever they need it.
To make Walletium user-friendly, we’ve integrated with Telegram via our Walletium Telegram Wallet. Customers can manage crypto on the go without extra installations or complex steps. Whether a new user or a seasoned pro, Walletium adapts to the user’s preferred style.
Walletium goes further than most wallets by offering direct fiat functionality. Load crypto into a virtual card and spend fiat wherever cards are accepted. No more juggling multiple platforms—store, send, and spend both digital and traditional currencies side by side.
Walletium is more than just another wallet; it’s the future of seamless finance. Join us and discover why Walletium is “One to Hold It All.”
- Official Wallet: https://t.me/walletiumbot
- Official Site: https://walletium.net
- Walletium Wiki: https://wiki.walletium.net
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Fintech PR
ISX Financial® Launches New Globally Accepted flykk® Debit Card in Working with Diners Club International®
NICOSIA, Cyprus, Jan. 14, 2025 /PRNewswire/ — flykk®, the pan-European and UK digital payment app, announces the launch of its new flykk® Diners Club International® debit card in several priority markets. This offering combines the best of both worlds: the convenience and security of a globally accepted debit card with all the robust benefits Diners Club International® offers.
With the new flykk® Diners Club International® Card, users can enjoy a range of exclusive Diners Club benefits, including access to more than 1,500 airport lounges and experiences around the world, travel insurance, and purchase protection. Additionally, the flykk® Diners Club International® Card also offers a range of other features and benefits that can delight users, including access to millions of amenities and premium Wi-Fi hotspots.
Key features of the flykk® app, which flykk® Diners Club cardholders can access, include bank transfers, free flykk-to-flykk transfers, dedicated money remittance channels and global money transfers. Users can easily transfer money between their flykk® account and European Union (EU) bank accounts, as well as between other flykk® users.
“Launching this partnership with Diners Club International® is a significant milestone for ISX Financial,” said Nikogiannis Karantzis, CEO of ISX Financial. “By combining the innovative flykk® payment app with the benefits of the Diners Club International® Card, we strive to offer users an unparalleled payment experience both online and in-store. With the flykk® Diners Club International® Card, users can enjoy all the convenience and security of a debit card, together with a range of other features and benefits that support their lifestyle.”
Diners Club is accepted at millions of merchant locations and over 1.2 million ATM and cash access locations around the world. Diners Club is part of the Discover® Global Network, the fastest growing global payments network[1]. Comprised of Diners Club International®, Discover Network, PULSE®, and more than 25 alliance partner networks across the globe, Discover Network has 345 million Discover Global Network Cardholders worldwide[2] and facilitated $589B+ in global transactions in 2023.
The flykk® debit card is now available to users in selected markets in the EU, with plans to expand to additional markets in the coming months. To learn more about flykk® and its innovative payment solutions, visit the flykk® website at www.flykk.it.
“By combining our world-class benefits, services, and capabilities with flykk’s comprehensive payment technology, we’re able to offer users a more seamless payment experience,” said Matt Sloan, Vice President of International Markets, EMEA at Discover® Global Network. “We look forward to continuing to work closely with the team at ISX Financial to bring even more innovative payment solutions to users around the world.”
- To learn more about the flykk® Diners Club Debit Card: www.flykk.it
- To learn more about the ISX Financial and Discover Global Network partnership: https://insights.discoverglobalnetwork.com/insights/james-cameron-isx-financial-partnership
About ISX Financial:
ISX Financial EU PLC is a ‘banktech’ company that leverages its own technology to provide financial services to merchants across the EEA & UK. The company’s combined payments stack and infrastructure provides a complete end-to-end transactional banking, FX, remittance and payment processing capability.
ISXMoney’s multi-Currency IBAN accounts coupled with PaidBy® instant open banking provides merchants with a tailored payment solution to reach any UK or EEA bank account holders.
ISX Financial’s consumer product flykk®, is a digital wallet that combines all its financial technology and infrastructure to create a retail product. flykk® is a two-sided network developed on ISX’ Financial’s own platform that links both merchants and consumers around the globe to facilitate the processing of payment transactions. flykk® allows customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds, with the benefits of a Diners card for point-of-sale transactions.
ISX Financial’s subsidiary Probanx® also develops payment infrastructure for third parties, and provides connectivity to central banks, banks around the world and major card schemes.
[1] Based on signed network alliance agreements over the past fourteen years with major payment networks within respective countries – Panoramic Research study, conducted 2022
[2] Based on data provided to Discover by Network Alliances participants and other third party sources as of December 31, 2023.
Media enquiries: +35722015740, [email protected]
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