BibbInstruments AB: BiBBInstruments receives additional subscription intentions in the ongoing rights issue
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BiBBInstruments AB ("BiBBInstruments" or the "Company") is conducting a rights issue of approximately SEK 60.3 million before transaction costs (the "Rights Issue"). BiBBInstruments is pleased to announce that key investors have notified the Company of additional subscription intentions in the Rights Issue:
- Life Science Invest Fund ("LSIF"), which has previously committed to subscribe for shares, with support of subscription rights, for approximately SEK 2 million, has notified the Company of its intention to apply for subscription, without support of subscription rights, for an additional approximately SEK 2 million, bringing LSIF's total subscription amount in the Rights Issue to approximately SEK 4 million. LSIF is also the largest guarantor in the Rights Issue.
- Fredrik Lindblad, CEO of the Company, and Erik von Schenck, Chairman of the Board of Directors of the Company, who have previously committed to subscribe for shares, with support of subscription rights, for SEK 200 thousand each, have notified the Company of their intention to apply for subscription, with support of subscription rights, for an additional SEK 100 thousand each, bringing their total subscription amounts in the Rights Issue to approximately SEK 300 thousand each.
Jan Poulsen, CEO of LSIF, comments: "We have decided to increase our commitment in this rights issue by providing an additional subscription intention of SEK 2.0 million. In our view, BiBBInstruments has demonstrated operational discipline and achieved key commercial milestones over the past year. By increasing our investment, LSIF reinforces its support for the continued US rollout and the planned European launch, as we believe the current valuation represents a compelling entry point for institutional capital focused on long-term value creation. This additional investment reflects our continued confidence in management's ability to execute on its growth strategy and our role as a dedicated partner."
Fredrik Lindblad, CEO of BiBBInstruments, comments: "A year ago, we welcomed Life Science Investment Fund (LSIF), led by CEO Jan Poulsen, as a long-term shareholder. As an active and knowledgeable life science investor, LSIF brings significant value. We are therefore particularly encouraged that they are increasing their commitment in the Company's ongoing rights issue."
This is a translation of the Swedish press release. In the event of any discrepancy, the Swedish language version shall prevail.
For more information about BiBB, please contact:
Fredrik Lindblad, CEO
Email: fredrik.lindblad@bibbinstruments.com
Phone: +46 70 899 94 86
The information was submitted for publication, through the agency of the contact persons set out above, at the time specified by the Company's news distributor at the time of publication of this press release.
About BiBBInstruments AB
BiBBInstruments AB is a cancer diagnostics company that develops and manufactures EndoDrill®, a patented product line of electric-driven endoscopic biopsy instruments. EndoDrill® enables tissue sampling with high precision and quality, with the aim of improving the diagnosis of several serious cancers, including those of the stomach, pancreas, liver, lungs, and bladder. BiBB's product portfolio targets the global market for ultrasound-guided endoscopic (EUS/EBUS) biopsy instruments - the most advanced and fastest-growing segment of endoscopy. In 2023, BiBB's lead product EndoDrill® GI received 510(k) clearance from the U.S. FDA. In early 2024, CE marking was obtained under the new MDR regulatory framework for all three product variants: EndoDrill® GI, EndoDrill® EBUS, and EndoDrill® URO. As a result, EndoDrill® became the first market-cleared electric-driven endoscopic biopsy system in both the U.S. and Europe. EndoDrill® consists of sterile, single-use instruments paired with a dedicated drive system. BiBB was founded in 2013 by Dr. Charles Walther - cancer researcher at Lund University and senior consultant in clinical pathology at Skåne University Hospital - and is headquartered at Medicon Village in Lund, Sweden. BiBB's share (ticker: BIBB) is listed on the Spotlight Stock Market.
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This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in BiBBInstruments in any jurisdiction, neither from BiBBInstruments nor from someone else.
This press release is not a prospectus for the purposes of the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company will prepare and publish an Information Document in the form provided for in Annex IX of the Prospectus Regulation before the subscription period in the Rights Issue begins. This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement relating to the Rights Issue is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this press release or its accuracy or completeness. Vator Securities is acting for BiBBInstruments in connection with the Rights Issue and not for anyone else, and will not be responsible to anyone other than BiBBInstruments for providing the protections afforded to its clients or for giving advice in relation to the Rights Issue or any other matter referred to herein.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public Rights Issue of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the USA, Australia, Belarus, Canada, Hong Kong, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
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Information to distributors
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the offered shares have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment").
Notwithstanding the Target Market Assessment, distributors should note that: the price of the shares in the Company may decline and investors could lose all or part of their investment; the shares in the Company offer no guaranteed income and no capital protection; and an investment in the shares in the Company is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Rights Issue.
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