Inify Laboratories announces preliminary results of fully guaranteed private placement

Inify Laboratories has received preliminary subscriptions for 25,759,315 new shares at an offer price of NOK 3.50 as part of a fully guaranteed private placement originally targeted to raise roughly NOK 92 million (with a separate repair issue of about NOK 8 million); final allocation is expected 19 December 2025 and any unsubscribed shares will be taken by guarantors Monsun AS and Auris AS. Net proceeds will be used to shore up liquidity after a fit‑out delay and higher‑than‑expected investments in establishing UK operations; payment is expected on or about 25 March 2026 with delivery and tradability on Euronext Growth Oslo following registration by ~30 March 2026. A repair issue aimed at smaller shareholders who did not participate (application window ~12–26 January 2026) will follow, SB1 Markets is financial adviser and Schjødt is legal counsel, and investors should note potential foreign direct investment (FDI) notification requirements that could affect certain transactions.

Analysis

Inify Laboratories reports preliminary subscriptions for 25,759,315 Private Placement Shares at an Offer Price of NOK 3.50, against a previously announced target of approximately NOK 92 million in gross proceeds and a separate Repair Issue of roughly NOK 8 million. The application period closed 16 December 2025 and the company expects to publish final allocation on 19 December 2025; any unsubscribed shares will be taken by guarantors Monsun AS and Auris AS. This preliminary uptake indicates sufficient demand at the stated price in the initial count.

The company states net proceeds will be used to ensure financial stability following a fit-out delay and larger‑than‑expected investments related to establishing UK operations, with payment for the Private Placement expected on or about 25 March 2026 and delivery/tradability contingent on registration with the Swedish Companies Registration Office, Euroclear Sweden and Euronext Securities Oslo by ~30 March 2026. SB1 Markets and Schjødt are acting as financial advisor and legal counsel respectively, which suggests a managed execution but leaves timing risk on settlement and listing. Investors should treat registration and settlement timing as material to liquidity and market access.

The placement mechanics are directed pro‑rata to existing shareholders holding more than 1,000,000 shares while the Repair Issue targets smaller shareholders; VPS‑registered holders receive non‑tradable subscription rights and Euroclear‑registered holders receive application forms. The company highlights potential Foreign Direct Investment (FDI) notification requirements at voting thresholds of 10, 20, 30, 50, 65 and 90 percent, which could delay or sanction certain transactions. Market signals characterize the development as mildly positive but cautious with modest market impact given the proceeds are aimed at stabilizing operations rather than funding expansion breakthroughs.

Key Decisions for Investors

• Existing shareholders with more than 1,000,000 shares should consider participating in the Private Placement to preserve ownership and avoid pro‑rata dilution, subject to confirmation of final allocation on 19 December 2025
• Smaller shareholders should prepare to assess the Repair Issue during the expected application window (~12–26 January 2026) and note the distinction that VPS‑registered holders receive non‑tradable subscription rights while Euroclear‑registered holders receive application forms
• Monitor settlement and registration milestones (payment ~25 March 2026 and tradability expected by ~30 March 2026) before initiating trading as liquidity and free float will change upon registration
• Any investor whose post‑issue voting stake could approach the FDI thresholds (10%, 20%, 30%, 50%, 65%, 90%) should obtain legal advice and factor potential notification delays or administrative sanctions into timing and execution