Cirio advises Artificial Solutions on a rights issue

Cirio has advised Artificial Solutions International AB in connection with a new issue of shares with pre-emption rights for the company’s shareholders of SEK 120 million, including an over-allotment option of up to SEK 30 million.

The rights issue has been resolved by the board of directors of Artificial Solutions, subject to approval by the extraordinary general meeting to be held on 8 January 2020. The rights issue has been subscribed with commitments and declarations of intents of SEK 75 million.

A prospectus will be prepared in connection with the rights issue and is expected to be published on or around 20 January 2020.

Artificial Solutions is a 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 Anton Knifström, Oliver Kronberg, Oscar Lunde, Nina Lannsjö and Erik Ejdesjö (Capital Markets and Public M&A), Niklas Sinander (Banking & Finance) and Sara Hovstadius (Strategic Contracts).

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