Published: 9/22/2026 6:19:47 AM
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Investment company Proport Invest has resolved on a rights issue of approximately SEK 15 million before issue costs, according to a press release.The terms are that each share held entitles the holder to one unit right, and that eight unit rights entitle the holder to subscribe for nine units. Each unit contains one share and one free-of-charge warrant of series T01.The subscription price is SEK 2.05 per unit, corresponding to SEK 2.05 per share, and represents a discount of approximately 4.0 percent compared with the theoretical price after the detachment of unit rights, based on the volume-weighted average price for the share on 21 September on Spotlight Stock Market. The subscription period runs from 30 September to 14 October.The primary purpose of the issue is to finance the cash consideration for the acquisition of SEO agency Growth Marketing Sweden and its subsidiary Nordic AI Growth.The issue is secured to approximately 56.5 percent through subscription commitments and guarantee undertakings. The company's three main shareholders have also undertaken to provide conditional bridge financing if the net proceeds from the issue are insufficient to finance the cash portion of the acquisition.The dilution effect is approximately 52.9 percent of the capital and votes.In connection with the completion of the acquisition, the company has adopted a new financial target for the 2026-2028 period. The company is targeting revenue of approximately SEK 15 million and EBIT of SEK 0.7 million in 2026, corresponding to an EBIT margin of around 5 percent.For 2027, the target is revenue of approximately SEK 29 million and EBIT of SEK 5.8 million, with a margin of around 20 percent. The following year, revenue is to reach approximately SEK 33 million and EBIT SEK 7.2 million, corresponding to a margin of around 22 percent.According to Proport, the targets will be driven, among other things, by the acquisition of Growth Marketing Sweden and Nordic AI Growth, which will add profitable SEO operations and recurring SaaS revenue. The company also expects economies of scale and sees potential for further acquisitions during the fourth quarter of 2026 or the first quarter of 2027.
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