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Cyber_Folks SAcyber_Folks IT concludes agreements with selected investors acquiring 1.13 mln shares
Listed IT company cyber_Folks has completed the accelerated bookbuilding process for 1.13 million ordinary bearer series E shares, concluding agreements with selected investors, the company announced in a market filing. The issue price per share was PLN 180 (EUR 42.35), and the total value amounted to approximately PLN 204.19 million (EUR 48 mln).
As stated in the market filing, the company's share capital will be increased by PLN 22,688 (EUR 5,338.5) to PLN 306,288 (EUR 72,070).
cyber_Folks plans to use the proceeds from the issue of series E shares to finance M&A transactions that the company or another entity from the group intends to carry out.
Currently, the group has identified five potential acquisition targets with a unit transaction value ranging from approximately EUR 15 million to approximately EUR 150 million.
The cyber_Folks group plans to carry out one or more M&A transactions in the next 12 months, which will be financed entirely with proceeds from the share issue or with partial use of debt financing.
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