Setterwalls has advised InCoax Networks AB in connection with an oversubscribed rights issue

Setterwalls has advised InCoax Networks AB (“InCoax”) in connection with an oversubscribed rights issue of approximately SEK 48 million.

InCoax is innovating the future of broadband access. InCoax’s MoCA Access 2.5 platform provides the next generation of cost-efficient multi-gigabit Fiber Access Extension solutions to the world’s leading telecom, cable- and broadband service providers. InCoax is listed on Nasdaq First North Growth Market.

Through the rights issue, which was subscribed to approximately 281 per cent, InCoax receives issue proceeds of approximately SEK 48 million before issue costs.