Gapwaves board sets terms of SEK 62.3 million rights issue

what happened

Gapwaves AB, a Swedish company whose shares trade on Nasdaq First North Growth Market, has approved an issue of units with preferential rights for existing shareholders worth about SEK 62.3 million before issue costs, TradingView reports. The decision rests on authority granted at an extraordinary general meeting held on 10 November 2026.

Each unit includes six newly issued series B shares and three series TO3B warrants. The subscription price is SEK 48 per unit, or SEK 8 per share. Shareholders registered on the 20 November 2026 record date get one unit right per share held, and 28 unit rights are needed to buy one unit. Subscription runs from 24 November to 8 December 2026.

Guarantee commitments from Schonfeld Global Master Fund L.P. and Aqurat Fondkommission AB cover about 90 percent of the issue, roughly SEK 56.1 million. Board members and senior executives have also signaled intent to buy about SEK 1.0 million of units, though those statements are not binding. The proceeds are planned for faster commercial scaling, better margins, a new defense growth platform and commercializing the next-generation waveguide antenna.

why it matters

For a small-cap company, a rights issue of this size signals funding needs for growth. Dilution for current holders depends on how much is subscribed, and warrants exercised in 2027 would add further new shares. Full terms are due in an information document expected around 20 November 2026.

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