Bootstrap Europe Converts $12M Loan into Sivers Semiconductors Shares
Bootstrap Europe IV SCSp. will convert a $12 million convertible loan into shares of Sivers Semiconductors AB. The company's board has resolved to issue new shares to facilitate the conversion.
Sivers Semiconductors AB announced that its lender, Bootstrap Europe IV SCSp., has exercised its right to convert a $12 million convertible loan into company shares. The resolution by the Board of Directors involves issuing 22,847,044 new ordinary shares to Bootstrap Europe.
This conversion is a result of a loan facility agreement established in February 2026, where Sivers Semiconductors refinanced its debt, securing a total of $17 million from Bootstrap. The $12 million convertible loan was a key component of this financing.
The share issuance will increase the total number of outstanding shares in Sivers Semiconductors and establish Bootstrap Europe as a significant shareholder. The company stated the move solidifies its financial position.
Sivers Semiconductors specializes in developing and selling semiconductor components for wireless communication, including technologies for 5G and Wi-Fi 6E. The company aims to support the global rollout of faster and more efficient wireless networks.