Nordic Semiconductor plans $100m private placement to refinance acquisitions

Nordic Semiconductor ASA has initiated a contemplated private placement to raise gross proceeds of approximately $100 million in new shares. The capital will be used to refinance a $100 million bridge loan following the strategic acquisitions of Neuton.ai and Memfault, aiming to maintain a solid cash position and financial flexibility. ABG Sundal Collier ASA, Danske Bank A/S NUF, and DNB Carnegie are acting as joint bookrunners for the transaction.

The bookbuilding period is scheduled to commence on September 4, 2025, at 16:30 CEST and conclude on September 5, 2025, at 08:00 CEST. The private placement is directed towards Norwegian and international investors, with a minimum application and allocation amount set at the NOK equivalent of €100,000, subject to prospectus exemptions.

Allocation of offer shares will be at the sole discretion of the board of directors, based on criteria such as perceived investor quality and existing ownership. Notifications of allocation are expected by September 5, 2025, with settlement on or about September 9, 2025.