ZignSec AB (publ) (“ZignSec” or the “Company”) carries out a rights issue of shares amounting to approximately SEK 33.5 million before issue costs (the “Rights Issue”). The proceeds from the Rights Issue are primarily intended to be used for technology development, sales and marketing, as well as working capital for new customer projects. Subscription commitments and guarantee undertakings amount to a total of approximately SEK 21.5 million, corresponding to approximately 75 percent of the Rights Issue. The subscription period for the Rights Issue runs from May 17 to May 31, 2024.
ZignSec is a RegTech group that provides a comprehensive KYB/KYC and compliance platform. The platform offers solutions that enable businesses to optimize their onboarding processes for both corporate clients and consumers while ensuring regulatory compliance in an ever-changing environment of local and global regulatory requirements, particularly within customer due diligence and anti-money laundering measures. ZignSec is currently focusing on developing a targeted set of standardized solutions tailored to the specific needs of industries such as financial services, acquiring banks, gaming companies, and other highly regulated sectors involving digital B2C and B2B services.
The purpose of the Rights Issue is to strengthen ZignSec’s market presence and position the Company for continued growth, particularly in Europe, Latin America, and the Asia-Pacific region. To support this growth strategy, the Company aims to significantly enhance its technical capabilities by strengthening its core products and technical platform, investing in its global sales team, increasing digital marketing efforts, and further advancing technology and development initiatives to reinforce and innovate its core offerings. Additionally, the improved financial position is expected to have a positive impact on the ongoing strategic review currently being conducted by the Company.
ZignSec is a technology group operating within the fast-growing RegTech industry. The Company provides a SaaS platform with digital real-time solutions for customer due diligence and ID verification with a global reach. These solutions help businesses optimize their processes for onboarding both corporate clients and consumers while ensuring compliance with constantly evolving local and global regulatory requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML).
Nasdaq First North Ticker Symbol: ZIGN
Corpura Fondkommission is acting as the financial advisor in connection with the Rights Issue.
For more information contact:
Christopher Sebök
Phone: +46(0)72-995 43 97
Email: christopher.sebok@corpura.se
