2023-12-09 12:17:04
Zurich (awp) – The special purpose acquisition company (Spac) VT5 has successfully completed its capital increase with old and new shareholders. The shares offered were all subscribed as part of the procedure for constituting the order book on Thursday and Friday, at a unit price of 10 francs, VT5 indicated Friday evening.
The capital increase must be used to finance the acquisition of the R&S industrial group. The capital increase covered a total of approximately 5.4 million shares, plus an option to increase up to 3 million shares.
Further details will follow in a new version of the offer prospectus presented on Monday at the company’s extraordinary general meeting. This meeting will settle other conditions.
VT5 plans to list R&S on the Swiss Stock Exchange on Wednesday December 13.
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