The purpose of the issue is to strengthen the financial position, according to a press release from the company.
According to the press release, the rights issue is fully guaranteed through underwriting and guarantee commitments. The plan is for it to take place during the second quarter of the year.
“The current market climate means both challenges and opportunities for the commercial real estate sector”, writes Joacim Sjöberg, acting CEO of the company, in a comment and continues:
“Through the proposed rights issue, Castellum will consolidate its position as one of the leading commercial real estate companies in the Nordics while maintaining the ability to take advantage of value-creating opportunities while continuing to be both an attractive investment for shareholders and a stable counterparty to banks and debt investors” .