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Creeds launches a plumber company

Creades can start SPAC companies

The subscription price was 90 SEK per share. Creades stock closed at 109: 68 SEK on Tuesday. Hence, the issue price corresponds to a discount of approximately 18 percent. In total, approximately 11.1 million Class A shares were issued.

Creades directed the offer to Swedish and international institutional investors in a so-called quick record-building procedure, according to a previous press release.

It is also reported that investors in the issue include: AMF, Handelsbanken Fonder, PriorNilsson, Consortium Dan Sten Olsson and Erik Nielsen.

The net proceeds from the issue are intended to be used by Creades for investments “as part of the company’s existing strategy”, including new investments in companies where Creades sees significant potential and potential additional investments in existing holdings.

Additionally, new initiatives are also being evaluated, including the possibility of investing in a futuristic takeover company founded by Creades, a trend that hit the Stockholm Stock Exchange via its sector partner Bure’s ACQ Bure earlier this spring.

Spac raises its capital and is listed on the stock exchange, with the sole aim of submitting a quick file to the stock exchange for existing business.

“On top of the positive aspects of Creade in equity capital is the opportunity for more liquidity trading in Creade’s share and increased diversification in portfolio composition,” the company wrote.

“We look forward to taking this important next step for Creades alongside like-minded investors who share our view of long-term active ownership value,” the company’s chairman, Sven Hagstromer, commented in a press release after the release.

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