ACRO securities, among Landsbanki Íslands, acted as an advisor for Alvotech in a $137 million private share placement, at current exchange rates, at a purchase price of $11.57 per share at current exchange rates.
ACRO Securities, amongst others, acted as an advisor for Alvotech in the private placement of a $70 million convertible bond on the 16th of December.
We thank Alvotech and the advisors for their cooperation and congratulate the company on the successful issuance.
Kaldalón hf. announced, on the 24th of August 2022, that it would exercise its authority to increase its share capital by ISK 2,222,222,222 for the purpose of strengthening the capital structure and prepare the company for further growth and investments.We look forward to continuing our journey wit you in coming years.
From all of us from Acro Securities, we thank you for your cooperation and business the past year and heartfelt Holiday and New Years greetings.
We look forward to continuing our journey wit you in coming years.