Verve Group SE Completes SEK 360 Million Share Issue

Verve Group SE has successfully completed a directed share issue of 12,858,000 new shares, raising approximately SEK 360 million. The subscription price was SEK 28.00 per share, determined through an accelerated book-building process led by ABG Sundal Collier AB and Pareto Securities AB. The issue, oversubscribed multiple times, saw participation from Swedish and international institutional investors.

The proceeds aim to bolster Verve's balance sheet and facilitate growth initiatives, including enhancing sales capacity, developing AI technologies, and expanding into retail media. The board chose this method over a rights issue due to efficiency, reduced market risk, and cost considerations.

Post-issue, the company's share count rises to 200,048,125, resulting in a 6.4% dilution for existing shareholders. The settlement is anticipated by 23 June 2025. Verve's shares trade on the Frankfurt Stock Exchange and Nasdaq First North Premier Growth Market.