Setterwalls advised Sivers Semiconductors in connection with a directed share issue of approximately SEK 95 million

Setterwalls has advised Sivers Semiconductors in connection with a directed share issue of approximately SEK 95 million to a number of Swedish and international institutional investors, as well as members of the company’s Board of Directors and management.

Sivers Semiconductors AB is a technology company that supplies ICs and integrated modules through its two business areas Wireless and Photonics. Wireless develops mmWave products for advanced 5G systems for data and telecommunications networks and satellite communication. The portfolio includes RF transceivers, beamforming front end ICs, integrated mmWave antennas, repeaters, and software algorithms for optimum mmWave RF performance. Photonics develops and manufactures semiconductor based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi).

The company’s ordinary shares are listed on Nasdaq Stockholm, Small Cap. The issue of 25,675,675 new ordinary shares was resolved by the Board of Directors pursuant to an authorisation granted by the annual general meeting.