8.2.2021 17:26:47 CET | Valuer |
Admission to trading on First North
Correction to the Prospectus
Company Announcement No. 3-2021
In Company Announcement No. 1-2021, the related prospectus needs correction concerning the following:
On 1 February 2020, Martin Fenge was replaced by Doru Mihai, and the title of the position has been changed from Chief Product Officer to Head of Product Design. This must be corrected in Valuer’s prospectus in the organisational chart and correlated text on pages 72 and 96 where the whole management team is listed.
MAY NOT BE PUBLISHED, DISTRIBUTED, OR SUPPLIED OR IN PARTICULAR, DIRECTLY OR INDIRECTLY, IN OR TO THE USA, AUSTRALIA, CANADA OR JAPAN.
This notice does not constitute a tender document. No person should buy or subscribe for shares in Valuer A/S (“Valuer” or “the Company”), unless this is done on the basis of information in the company description published by the Company in connection with the offering of shares for trading on Nasdaq First North Premier Growth Market Denmark. The company description is available on the Company’s website (valuer.ai)
Company Announcement No. 1-2021
Copenhagen, 2 February 2021
Valuer has applied for admission to trading on Nasdaq First North Premier Growth Market Denmark. The offer period runs from 2 February to 15 February 2021 with the earliest possible close of the offer period on 10 February 23:59. The offer price is DKK 13.00 per share, corresponding to a pre-money valuation of DKK 299 million. The offer of new shares is DKK 100 million, of which 54.75% has been signed before the offer period opens.
About Valuer
Valuer is a born global platform company within the innovation economy. The vision is to become the LinkedIn of innovation and investments. Valuer’s data-driven AI platform is matching large corporations in strategic innovation areas with innovative start-ups etc. And vice versa. Through Valuer’s digital platform, large corporations can search and filter out innovation partners within any area of innovation in a much more structured and efficient manner than in traditional analogue innovation processes. Founded in 2017, Valuer has already managed to onboard a number of global corporations.
SUMMARY OF THE OFFERING
The expected gross proceeds for the company are DKK 94 million.
The offering consists of 7,692,307 new shares and a conditional sales right of 1,610,000 existing shares for two of the existing shareholders.
The offer price is DKK 13.00 per share of nominally DKK 0.02, corresponding to a pre-money valuation of Valuer before the offer of DKK 299 million.
The offer period runs from 2 February 2021 to 15 February 2021.
Earliest possible close of the offer period is 10 February 23:59. Announcement of early close of the offer period will be published minimum 24 hours before close.
Publication of the result of the offering is expected to take place on 17 February, and the first trading day is expected to be 23 February 2021. If the offering is closed before February 15, 2021, the announcement of the result, allocation and admission to trading will be moved forward accordingly.
Number of shares before the offer: 23,000,000
54.75% of the offer of DKK 100 million has been signed before the offer period opens.
Reasons for the offering
Listing on Nasdaq First North Premier Growth Market will enable Valuer to significantly accelerate the company’s growth and internationalization strategy. The capital raised from the IPO will be used to ramp-up the international sales force and digital marketing efforts.Valuer is ready to shift focus from platform development towards sales and marketing to drive a successful execution of the company’s growth strategy.
Submission of subscription orders
The new shares can be subscribed for by submitting an electronic subscription order via the investor’s own account-holding bank or by submitting the subscription form to the investor’s own account-holding bank. Minimum subscription is 292 shares corresponding to DKK 3,796 per subscription order. Publication of the results of the offer is expected to take place on 17 February 2021.
ISIN code and symbol
The company has one share class.The Offer Shares will be delivered electronically against payment under temporary ISIN code DK0061418894 to investors’ accounts with VP Securities A/S. The temporary ISIN will not be applied to trading on Nasdaq First North Premier Growth Market Denmark. The temporary ISIN code will be replaced by the permanent ISIN code DK0061418977. The shares have applied for trading under the ticker symbol “VALUER”.
Prospectus
The prospectus, investor brochure, and one-pager are available on Valuer’s website http://investors.valuer.ai/. The prospectus is also available as a link at the bottom of this announcement.
Admission to trading
The new shares and the existing shares are conditionally approved for admission to trading on Nasdaq First North Premier Growth Market Denmark, subject to completion of the offering and fulfillment of Nasdaq First North Growth Market’s requirements for shareholder distribution and free float. The first trading day for the shares on Nasdaq First North Premier Growth Market Denmark is expected to be 23 February 2021.
Existing shareholders
Existing shareholders, Andersen Advisory Group A/S and Dennis Poulsen Holding ApS have a conditional sale right of up to 1,150,000 shares and 460,000 shares, respectively, in the event of an oversubscription of the offering. Existing shareholders are all subject to lock-up for a period of at least 12 months for 100% of their current shares.
Placement
Grant Thornton acts as financial advisor and Certified Adviser in connection with the offering. Danske Bank A/S acts as a settlement and issuing agent. Nordnet acts as selling agent in Denmark.
Certified Advisor
Grant ThorntonJesper Skaarup VestergaardDirect (+45) 35 27 50 11Mobile (+45) 31 79 90 00Grant Thornton Stockholmsgade 45 2100 Copenhagen Ø Denmark
Important information
This document has been compiled by Valuer (the “Company”) and Grant Thornton solely for information purposes and does not constitute a company description. No person should buy or subscribe for Shares in the Company, unless such action is based on the information provided in the company description, published on 2 February 2021 in connection with the offering and application for admittance to trading on Nasdaq First North Growth Market incl. any changes and related supplementary information. This document and the contents of it do not, and are not intended to, constitute an offer for sale or an invitation to treat offers to purchase any company, its shares, other securities or assets. This document contains forward-looking statements that involve known and unknown risks and uncertainties that could cause the actual result, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such statements regarding the future. The forward-looking statements in this document are only valid as at the date of its publication and can be changed without notice.
Contacts
Dennis Poulsen, Founder and CEO, +45 5115 9512, dp@valeur.ai
About Valuer
Valuer is a data-driven platform powered by advanced AI algorithms that helps corporations, accelerators, and venture funds with the discovery of relevant innovative technology, identifying new market opportunities, and prioritizing strategic initiatives to fuel their business development.
Attachments
Download announcement as PDF.pdf
Valuer Holding – Growth Prospectus.pdf
Original release
Valuer Holding A/S has applied for admission to trading on Nasdaq First North Premier Growth Market Denmark
