Transaction Description
Gemstone Capital acted as financial advisor in Sound Dimension’s unit rights issue. The rights issue consisted of a maximum of 40,638,760 shares, which corresponded to a maximum of approximately 8.1 MSEK. In total, approximately 85% were subscribed including conversion of debt. Sound Dimension received a total of approximately SEK 5.4 million through the Rights Issue before issue costs of approximately SEK 1.4 million.
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Company Description
Sound Dimension AB is active in the technology sector. The company specialises in the development of technological solutions that combine audio technology and artificial intelligence. The company’s goal is to make it possible to connect speakers – regardless of model, brand, age, to a unified sound experience, controlled by an app and with the help of AI. Its largest operations are in the Nordic market. The company was founded in 2013 and has its headquarters in Karlstad.
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