Sivers Semiconductors has resolved on a directed share issue of shares amounting to approximately SEK 700 million

Press Release
Kista, July 1, 2026

 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN SIVERS SEMICONDUCTORS AB (PUBL). SEE ALSO THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.

 

The Board of Directors of Sivers Semiconductors AB (“Sivers Semiconductors” or the “Company”) (Nasdaq Stockholm: SIVE) has, pursuant to the authorization from the annual general meeting on June 15, 2026, resolved on a directed share issue of 12,280,701 ordinary shares, corresponding to approximately SEK 700 million (the “Directed Share Issue”). The subscription price in the Directed Share Issue has through an accelerated bookbuilding procedure been set at SEK 57 per share. The Directed Share Issue was multiple times oversubscribed and a number of Swedish and international institutional investors participated, including both new and existing shareholders.

“This successful raise is a solid validation of continued and expanding investor interest in Sivers’ focus markets (AI, SATCOM and Defense), technologies, and products as well as our long-term success. It positions us well to capture the large opportunities in our strongly growing pipeline, make proactive CAPEX investments to increase InP manufacturing capacity for our Photonics business given the long equipment lead-times, while building a stronger balance sheet for the protection of our shareholders.”, says Vickram Vathulya, President and CEO of Sivers Semiconductors.  “The raise also allows increased field presence to support our growing customer base and accelerating R&D cycle times to release new products, key enablers in converting more of our opportunity pipeline into future revenue streams, and any potential synergistic acquisitions. With all U.S. listings, the level of accounting and legal effort is significant and essential. As previously communicated, we continue to invest and make progress on all necessary steps with the intent to complete the listing process over the next few quarters”.

 

The Directed Share Issue

The Board of Directors of Sivers Semiconductors has, pursuant to the authorization from the annual general meeting on June 15, 2026, resolved on a directed share issue of a total of 12,280,701 ordinary shares, at a subscription price of SEK 57 per share. The subscription price corresponds to a discount of approximately 9.7 percent compared to the closing price on Nasdaq Stockholm on June 30, 2026. The Directed Share Issue amounts to a total of SEK 700 million before transaction costs.

The Directed Share Issue was multiple times oversubscribed and a number of Swedish and international institutional investors participated in the Directed Share Issue, including both new and existing shareholders. The subscription price has been determined through an accelerated bookbuilding procedure carried out by Pareto Securities AB (“Pareto Securities”).

The Directed Share Issue of 12,280,701 new ordinary shares will, on a fully diluted basis, including all outstanding stock options, convertibles and warrants, result in a dilution of approximately 3.3 percent of the total number of shares and votes in the Company.

As per the date hereof, there are 319,953,572 registered shares in the Company. All shares are ordinary shares. The Company holds 15,695,035 ordinary shares in treasury, resulting in 304,258,537 ordinary shares outstanding (all ordinary shares). Each ordinary share carries one (1) vote. As a result of the Directed Share Issue, the total number of ordinary shares and votes in the Company will increase by 12,280,701 from 319,953,572 to 332,234,273. The share capital will increase by SEK 6,140,350.50, from SEK 159,976,786 to SEK 166,117,136.50.

Background and rationale

The proceeds from the Directed Share Issue are for expanding manufacturing capacity for InP lasers and optical amplifiers to support the growing opportunity pipeline in AI datacenters and the Automotive LIDAR segment, expanding field resources to support our customers and expansion of R&D resources for accelerating the Company’s technology roadmap and new product releases.

Deviation from the shareholders’ pre-emptive rights

In respect of the Directed Share Issue, the Board of Directors of the Company has made an overall assessment and carefully considered the possibility of raising capital through a share issue with preferential rights for the Company’s shareholders. The Board of Directors considers that the reasons for deviating from the shareholders’ preferential rights are (i) that the directed share issue diversifies and strengthens the Company’s shareholder base with both Swedish and international institutional investors (ii) that a rights issue would take significantly longer to implement and entail a higher risk of a negative effect on the share price, especially in light of the current volatile and challenging market conditions, and (iii) that the implementation of a directed share issue can be done at a lower cost and with less complexity than a rights issue. Considering the above, the Board of Directors has made the assessment that a directed share issue of ordinary shares with deviation from the shareholders’ preferential rights is the most favourable alternative for the Company to carry out the capital raising.

As the subscription price in the Directed Share Issue has been determined based on arm’s length negotiations with the investors, the Board of Directors assesses that the subscription price reflects current market conditions and demand.

Lock-up undertakings

On April 16, 2026, the Company carried out a directed share issue, in connection with which the Company undertook, towards Pareto Securities, not to issue additional shares for a period of 180 calendar days following the announcement of the outcome of the directed share issue, subject to customary exceptions. Pareto Securities has granted Sivers Semiconductors an exemption to proceed with the Directed Share Issue.

The Company has undertaken a lock-up undertaking, with certain exceptions, not to issue additional shares for a period of 120 calendar days after completion of the Directed Share Issue.

In connection with the directed share issue resolved by the Board of Directors on April 16, 2026, shareholding board members Bami Bastani, Karin Raj and Todd Thomson as well as the Company’s CEO Vickram Vathulya, and CFO Heine Thorsgaard entered into a lock-up undertakings, with customary exceptions, not to sell any shares in the Company until July 16, 2026. As previous lock-up undertakings are still in force, no new lock-up undertakings have been entered into in connection with the Directed Share Issue.

 

Advisers

Pareto Securities AB is acting as Manager and Bookrunner and Setterwalls Advokatbyrå AB is legal adviser to the Company in connection with the Directed Share Issue.

 

For more information, please contact:

Vickram Vathulya

CEO, Sivers Semiconductors

Tel: +46 (0)8 703 68 00

Email: [email protected]

 

This information is such insider information that Sivers Semiconductors AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on July 1, 2026 at [01:15] CEST.

 

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com (SIVE.ST).

 

Important information

This announcement is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States of America (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Singapore, South Africa, South Korea or any other jurisdiction in which publication, release or distribution would be unlawful.

This announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for shares in the capital of the Company in the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Singapore, South Africa, South Korea or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.

This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. The Company has not authorized any offer to the public of shares or other securities in any member state of the EEA and no prospectus has been or will be prepared in connection with the Directed Share Issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” (within the meaning of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”), who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the Directed Share Issue is being made in the United States, Sweden or elsewhere.

This announcement has been issued by, and is the sole responsibility of, the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Pareto Securities AB, or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

The distribution of this announcement and the offering of the securities referred to herein in certain jurisdictions may be restricted by law. No action has been taken by the Company, Pareto Securities AB or any of their respective affiliates that would, or which is intended to, permit an offering of the securities in any jurisdiction or result in the possession or distribution of this announcement or any other offering or publicity material relating to the securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company and Pareto Securities AB to inform themselves about, and to observe, such restrictions.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Directed Share Issue. Any investment decision to buy or subscribe for shares in the Directed Share Issue must be made solely on the basis of publicly available information, which has not been independently verified by Pareto Securities AB.

This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities in any jurisdiction. This announcement does not constitute a recommendation concerning any investor’s option with respect to the Directed Share Issue. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement and publicly available information. The price and value of securities can go down as well as up. Past performance is not a guide to future performance.  

This announcement contains (or may contain) certain forward-looking statements with respect to certain of the Company’s current expectations and projections about future events. These statements, which sometimes use words such as “aim”, “anticipate”, “believe”, “intend”, “plan”, “estimate”, “expect” and words of similar meaning, reflect the directors’ beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law or the Nordic Main Market Rulebook for Issuers of Shares, the Company does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor do they intend to. You should not place undue reliance on forward-looking statements, which speak only as of the date of this announcement. No statement in this announcement is or is intended to be a profit forecast or profit estimate or to imply that the earnings of the Company for the current or future financial years will necessarily match or exceed the historical or published earnings of the Company.  As a result of these risks, uncertainties and assumptions, the recipient should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise.

The English text is an unofficial translation of the original Swedish text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.