Advoro-Walder Wyss: ASMALLWORLD completes capital increase
ASMALLWORLD has successfully completed a capital increase a few days ago. Investors subscribed all of the 2.742.742 new shares, which will be traded on the SIX Swiss Exchange. As part of the capital increase, a large part of an outstanding loan from the anchor investor Pellegrino Capital was used to pay for the newly issued shares, which reduced the company’s debt capital by CHF 3.802.332.
As a result, the company’s capital structure was strengthened, creating more strategic options for the future while simultaneously reducing the company’s interest burden in an environment of rising interest rates.
Advoro acted as lead counsel to ASMALLWORLD. The team included Boris Räber (pictured left), Alexander Eichhorn, Thomas Nagel, Carmen Spichiger and Rafael Zemp. Daniel Dedeyan (pictured right) and Theodor Härtsch from Walder Wyss acted as listing agents.
