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GomSpace Bolsters Financial Position as Hargreaves Exercises Warrants

GomSpace Bolsters Financial Position as Hargreaves Exercises Warrants

Peter Hargreaves has converted his entire stake of 3,301,566 warrants into 4,853,302 new shares of GomSpace Group AB. The move, executed via the Hargreaves Family No. 14 trust, injects roughly SEK 340,000 in cash into the satellite manufacturer while significantly improving the company’s equity ratio and overall balance sheet stability.

The conversion, tied to the EUR 18 million credit facility established in June 2025, marks a strategic consolidation of the company's capital structure. CEO Carsten Drachmann noted that the increased equity provides a vital competitive edge, particularly as the firm pursues larger government contracts and commercial partnerships that demand rigorous financial health.

Following the transaction, the total number of outstanding shares rises to 173,522,461, representing a 2.8 percent dilution for existing shareholders. The company’s share capital will increase by SEK 339,731.14 to a new total of SEK 12,146,572.27. Each of the new shares carries a single vote, and the exercise price was set at the quotient value of SEK 0.07 per share.

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