2023-12-11 18:44:08
Spac plans to list the industrial group on the Swiss Stock Exchange on Wednesday. The shareholders validate.
The special purpose acquisition company (Spac) VT5 has successfully completed its capital increase with old and new shareholders. The shares offered were subscribed as part of the procedure for constituting the order book on Thursday and Friday, at the unit price of 10 francs per share, VT5 recalled on Monday.
The capital increase must be used to finance the acquisition of the R&S industrial group. During the capital increase, approximately 5.4 million shares were issued. At the end of the transaction, VT5 still holds 1 million shares.
VT5 will hold an extraordinary general meeting this Monday which will settle other conditions of the merger between VT5 and R&S (read below).
Spac plans to list R&S on the Swiss stock exchange on Wednesday.
Green light from shareholders for the IPO of R&S
The extraordinary general meeting of the special purpose acquisition company (Spac) VT5 accepted on Monday evening all the proposals of the board of directors on the merger with the company R&S and its IPO. The shareholders voted for the takeover of R&S by 99%.
This decision paves the way for the listing of R&S and the planned capital measures. The new shares will be listed on Wednesday, December 13 on SIX, with the symbol “RSGN” and the unchanged ISIN number CH1107979838.
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