Nordic Semiconductor raises $100m in private placement

Nordic Semiconductor ASA has successfully completed a private placement, allocating 7,000,000 new shares at NOK 150 per share. This initiative has raised gross proceeds of NOK 1,050 million, equivalent to approximately $100 million. The net proceeds are earmarked for refinancing the company's balance sheet by repaying a $100 million bridge loan incurred after the strategic acquisitions of Neuton.ai and Memfault.

The refinancing aims to ensure Nordic Semiconductor maintains a solid cash position and high flexibility, supporting its current strategy and financial targets. Notifications of share allocation are expected on September 5, 2025, with settlement and tradability anticipated around September 9, 2025, pending registration of the share capital increase.

Following the registration of the share capital increase, the company's share capital will total NOK 1,997,816.00, divided into 199,781,600 shares. The board of directors determined that the private placement, while deviating from existing shareholders' pre-emptive rights, was in the common interest of the company and shareholders due to its efficiency, lower discount, and reduced completion risks compared to a rights issue.