Setterwalls has advised Sivers Semiconductors in connection with a directed share issue of approximately SEK 108 million

Setterwalls has advised Sivers Semiconductors in connection with a directed share issue of approximately SEK 108 million to a number of Swedish and international institutional and other qualified investors, including 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, Mid Cap.

The directed share issue amounts to approximately SEK 108 million. The Board of Directors has resolved to issue 26,100,000 new shares based on an authorisation. Additionally, the Board of Directors has resolved to issue 5,612,280 new shares subject to approval at a subsequent extraordinary general meeting.