On 31 October 2023 ASMALLWORLD AG (SIX:ASW) successfully completed a capital increase. Investors subscribed all of the 2’742’742 new shares, which will be traded on the SIX Swiss Exchange. As part of the capital increase, a large part of an outstanding loan from the anchor investor Pellegrino Capital AG was used to pay for the newly issued shares, which reduced the company’s debt capital by CHF 3’802’332. As a result, the company’s capital structure was strengthened, creating more strategic options for the future while simultaneously reducing the company’s interest burden in an environment of rising interest rates. «The successful capital increase reflects the confidence of our investors in ASMALLWORLD. The management of ASMALLWORLD would like to sincerely thank its investors for their trust, in particular Pellegrino Capital AG, which has further extended its commitment to the company» comments Jan Luescher, CEO of ASMALLWORLD AG.
Advoro acted as lead counsel to ASMALLWORLD AG. The team included Boris Räber, Alexander Eichhorn, Thomas Nagel, Carmen Spichiger and Rafael Zemp. Daniel Dedeyan and Theodor Härtsch from Walder Wyss acted as listing agents.