InCoax Networks AB Approves Directed Share Issue at EGM

InCoax Networks AB held an extraordinary general meeting on July 6, 2026, where the company's board of directors' resolution for a directed share issue was approved. The resolution had been adopted by the board on June 15, 2026.

The meeting resolved to increase the company's share capital by a maximum of SEK 1,137,498.75 through the issuance of no more than 4,549,995 new shares. These shares are directed to specific entities: Saugatuck Invest AB, controlled by Chairman of the Board Peter Agardh, and Implementeringssystem i Sundsvall AB, controlled by a Board member.

The company indicated that the primary goal of this share issue is to secure funding to continue operations without significant changes. However, the completion of the directed issue is contingent upon the fulfillment of several other corporate transactions.