Cirio advises Artificial Solutions on a directed new share issue

Cirio has advised Artificial Solutions International AB in connection with a directed new share issue.

On 16 June 2020, the board of directors resolved on the directed issue authorized by the extraordinary general meeting held on 8 January 2020. The issue comprised of 4,300,000 shares and the subscription price constituted a discount of approximately 7.5 per cent compared to the closing price on Nasdaq First North Growth Market on 16 June 2020. The issue volume and the subscription price were determined by an accelerated book-building process.

Artificial Solutions is the leading specialist in enterprise-strength conversational AI, a form of Artificial Intelligence that allows people to communicate with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input. Artificial Solutions is listed on Nasdaq First North Growth Market.

Cirio advised Artificial Solutions with a team headed by Annika Andersson, together with Oliver Kronberg and Rebecka Tallberg (Capital Markets and Public M&A).

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