INQ Group converts SEK 7 million of debt into shares, dilution about 2.7%

what happened

Swedish technology company INQ Group AB (publ) said its investor has fully converted the SEK 7,000,000 tranche announced on 3 November 2026 into ordinary shares. The Board issued 43,750,000 new shares at a conversion price of SEK 0.16, with payment made solely by set-off. A further 10,034,403 shares were issued at SEK 0.1744, matching the volume-weighted average price on 11 November 2026, to settle a trade payable. The company received no cash from either issue, according to the release distributed by GlobeNewswire.

The Board also approved a directed issue of 21,875,000 warrants, each exercisable at SEK 0.32 per share over 24 months. The total share count will rise from 1,959,918,264 to 2,013,702,667. Dilution is about 2.7 per cent, or about 3.7 per cent if all warrants are exercised. Roughly USD 1.55 million of convertible principal remains outstanding.

why it matters

The deal reduces debt but brings in no new funding, since both settlements were made with shares and set-off. For existing shareholders it means a diluted stake, and exercise of the warrants or conversion of the remaining debt could raise the share count further.

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instruments