H100 Group raises approximately SEK 10 million through private placement

H100 Group AB, a Swedish listed company, announced the completion of a private placement, issuing approximately 1.79 million new shares to the TOBAM Bitcoin Alpha Fund at a price of SEK 5.58 per share, raising approximately SEK 10 million (approximately US$1.07 million). The company stated that the price of the offering was determined through consultation with investors, and that the proceeds will be used to enhance capital flexibility. Existing shareholders were not given pre-emptive rights in the offering.