Rights issue 2024

Important information
Due to legal restrictions, the information on this part of the website is not directed at or accessible to certain persons. We kindly ask you to review the following information and provide the following confirmation each time you wish to access this part of the website. Please note that the terms set out below may be altered or updated and therefore it is important that you review them each time you visit this website.

The information contained in this section of Flat Capital's (the "Company") website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Great Britain, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea or Switzerland or in any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.

The securities of the Company referred to in this section of the website (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Securities have not been and will not be registered under the applicable securities laws of Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Great Britain or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Great Britain or any other jurisdiction in which it would be unlawful or would require registration or other measures.

Access to the information contained on this section of the Company's website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained in this section of the Company's website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been or will be obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

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The information contained in this section of Flat Capital's website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Great Britain, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea or Switzerland or in any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.

We apologise for any inconvenience this may cause.

Rights issue 2024

 

Link to prospectus:

Prospectus (Swedish)

 

Subscribe here:

Avanza

Nordnet

BankID

 

Background and motive

Since the IPO three years ago, Flat has kept a fast pace and followed its strategy of investing in attractive but inaccessible global companies. These companies are an asset often reserved for an exclusive group of investors, but the strategy has given Flat’s shareholders the opportunity to indirectly invest in companies such as OpenAI, SpaceX, DeepL, Perplexity, xAI, Physical Intelligence and Figma.

Like previous years, 2024 has been an eventful time for the portfolio companies – in March, Flat invested 3 MSEK and 10 MSEK in AI companies Perplexity and Harvey, respectively, followed by a 10 MSEK investment in data and AI company Oden Technologies in April. Flat has also invested 11 MSEK in Elon Musk-founded xAI and 11 MSEK in an AI and robotics company Physical Intelligence. Finally, in August this year, Flat invested 22 MSEK in the high-profile space company SpaceX. However, the past year has also brought major challenges, and Flat, for example, has been forced to write down the value of its investment in Getir to SEK 1.

Flat has access to a unique global network of world-leading investors and entrepreneurs. This means that Flat has a strong flow of investment opportunities in unlisted companies that are both backed by some of the most prominent investors in the world and run by dedicated entrepreneurs. Flat continuously evaluates new investments from this network and has, at the moment, a strong pipeline of new opportunities in areas such as AI. The Company already has a net cash position, but given that the investment opportunities that Flat evaluates on an ongoing basis are often associated with a tight timeframe and requirements for large allocations, the Company believes that it is in its favour to further strengthen its cash position in order to be ready to act quickly on attractive opportunities when they arise.

The purpose of the Rights issue is to further strengthen Flat's cash position in order to continue to pursue the many investment opportunities that its portfolio and network offers, mainly in terms of existing investments within AI and the strong pipeline of potential investments that exist there.

 

Timetable

Last day of trading in the share including the right to receive subscription rights November 1, 2024
First day of trading in the share excluding the right to receive subscription rights November 4, 2024
Record date November 5, 2024
Subscription period November 7 – 21, 2024
Trading in subscription rights November 7 – 18, 2024
Expected publication of preliminary outcome of the issue November 22, 2024
Expected date for decision on allocation November 26, 2024

 

Link to prospectus:

Prospectus (Swedish)

 

Subscribe here:

Avanza

Nordnet

BankID

 Flat presenterar Q3-rapporten och svarar på lite frågor!

 

Documents

Summary Of Terms 2024 (Swedish)

EU growth prospectus 2024 (Swedish)

Flat Capital AB (Publ) Teaser (English)

Special Notification Form Flat Capital FILL IN (Swedish)

Subscription Form Without Subscription Rights Flat Capital FILL IN

Press release 2024-11-06

Press release 2024-10-31

Press release 2024-09-27

Interim Report January-September 2024

Annual Report 2023

Annual Report 2022

Disclaimer

The information contained in this section of Flat Capital's website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Great Britain, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea or Switzerland or in any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.

We apologise for any inconvenience this may cause.