Information Technology
Stockwik has resolved on a directed share issue of 900,000 shares to ENDI Corp at SEK 23 per share, subject to FDI clearance
Summary
Background and reasons
The Company, which was founded in 2013 by Olof Nordberg and Rune Rinnan, has evolved into a leading industrial investment company. In 2018, Oskar Lindström joined the board of directors following the Company’s acquisition of the Galdax group, where he was the majority shareholder.
Together with management and fellow board members, the Company has over the last decade built a diversified portfolio across four business segments, generating approximately SEK 900 million in annual revenues and SEK 100 million in EBITDA.
To support the next phase of growth, the Company is pleased to announce that it has resolved on the Share Issue which strengthens the Company’s financial position and enhances the Company’s ability to continue focusing on efficiency improvements and executing on future M&A opportunities - while at the same time introducing a financially capable new main shareholder. ENDI Corp brings deep expertise, a robust network and the financial strength to help propel the Company forward.
“ We believe ENDI Corp is ideally positioned to support our long-term vision and expansion ” said Rune Rinnan, Chairman of the Company.
“ Since August 2020, ENDI Corp affiliates have been investors in Stockwik’s debt. Our engagement with Stockwik has centered on active support and long-term partnership, reflecting a commitment as a value-added investor. With this transaction, we are confident that under the leadership of CEO Urban Lindskog and CFO Andreas Säfstrand, Stockwik will strengthen its foundation and unlock new opportunities for sustainable growth ” said David Sherman, CEO of ENDI Corp.
The FDI Clearance condition
ENDI Corp’s subscription for the shares in the Share Issue and the completion of the Share Issue is conditional upon that the ISP grants ENDI Corp clearance of its investment in the Company through the Share Issue and the Block Trade pursuant to the FDI Act, either through a decision not to take any further action with regard to ENDI Corp’s notification of the transactions or by an approval decision after having initiated an investigation.
ENDI Corp has initiated the work on submitting the relevant notifications to the ISP and expects to receive the FDI Clearance in November 2025.
If the FDI Clearance has not been obtained by 31 December 2025, ENDI Corp and the Company has a reciprocal right to terminate ENDI Corp’s subscription undertaking and abort the Share Issue.
Determination of the subscription price
The subscription price of SEK 23 per share was determined by the board of directors of the Company following arm’s length negotiations between the Company and ENDI Corp, and reflects, in the board of directors’ opinion, current market conditions. In its assessment, the board of directors considered that the subscription price:
Reason for deviating from the shareholders’ preferential rights
As part of a strategic review on how to optimise the Company’s balance sheet and liquidity position, the Company has held discussions with its financial advisors and certain major shareholders represented on the board of directors of the Company regarding their and potential other investors’ interest in injecting additional capital to the Company in a near term. In connection with such discussions, the board of directors has made an overall assessment and carefully considered to raise capital through a rights issue with preferential rights for the Company’s shareholders and through other means.
In this case, the board of directors made the assessment that the Share Issue directed to ENDI Corp was the most favourable alternative for the Company and in the best interest of its shareholders for the following main reasons.
Number of shares, share capital and dilution
Upon completion, the Share Issue will increase the number of shares and votes in the Company by 900,000 shares, from 6,311,041 shares to 7,211,041 shares. The share capital will increase by SEK 450,000.01, from SEK 3,155,520.57 to SEK 3,605,520.58. The Share Issue will result in a dilution of approximately 12.5 per cent (calculated as the new number of shares and votes divided with the total number of shares and votes in the Company after the Share Issue).
Lock up undertaking
In connection with the Share Issue, the Company has undertaken towards ENDI Corp not to, for the period ending on 31 December 2025, issue any shares in the Company or other share-related financial instruments at a subscription price or underlying share valuation below SEK 23.
Changes to the board of directors
The Company has been informed that ENDI Corp intends to request that an extraordinary general meeting is convened for the purpose of electing new board members of the Company following receipt of the FDI Clearance and completion of the Share Issue. A notice of such extraordinary general meeting will be published by the Company in due course upon such a request.
Rune Rinnan, Olof Nordberg and Oskar Lindström have declared that they remain fully committed to complete their current term on the board of directors unless the shareholders of the Company resolve to replace them with new board members at an extraordinary general meeting.
Advisers
Gernandt & Danielsson Advokatbyrå acts as legal advisers to the Company in connection with the Share Issue.
This press release contains inside information that Stockwik Förvaltning AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the designated contact person below on 7 October 2025 at 23:40 (CEST).
For further information, please contact:
Urban Lindskog, President and CEO
Stockwik Förvaltning AB (publ)
E-mail: info@stockwik.se
About Stockwik
Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik's companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.
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