Sadjad Hassani
- Associate Director
Transaction Description
Gemstone Capital acted as financial advisor and sole bookrunner. The Rights Issue offered a total of 18,221,926 New Shares at a Subscription Price per new share of DKK 0.76. The maximum gross proceeds were 13.8 mDKK. The Company had obtained pre-subscription commitments in cash of 0.9 mDKK (corresponding to 6.7% of the Issue) from management and co-founder and guarantee commitments of 6.7 mDKK (corresponding to 48.3% of the Issue).The Rights Issue was subscribed to a total of 5.9 mDKK, including pre-subscription commitments of 930,000 DKK, equivalent to a subscription rate of 42 percent or 7,717,070 new shares. Additionally, underwriting commitments of 2.1 mDKK have been activated. The total subscription rate, including pre-subscription- and underwriting agreements thus amounted to approximately 58 percent, meaning that Odico received approximately 8.0 mDKK before deduction of transaction related costs.
Contact Person
Company Description
In the past decade, Odico has pioneered multiple technologies and products aimed at digitizing and automating the construction industry. This journey of exploration and refinement has transitioned into a promising phase of commercial scale-up, driven by a new management and a strategic partnership model. Odico has pinpointed six primary business sectors: three existing — Formwork, Panel Cleaning, and Wind Solutions — and three emerging business areas — Special Formwork, SmartStairs, and Carpen. The Company have already marked their presence in the industry, collaborating with key players like Aarsleff, Vinci, Arkil, Doka, PERI, Ringer, and more. These affiliations are poised to grow as the Company’s emerging business areas gear up for commercial activation.
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