Checkin.com Group AB (publ) (“Checkin.com” or “the Company”) today announces the outcome of the offering to acquire newly issued shares in the Company (the “Offering”) prior to listing on Nasdaq First North Growth Market. The interest to participate in the Offering was substantial and the Offering, which was directed to both institutional investors and the general public in Sweden, was oversubscribed by over 20 times.

Checkin.com, a fast-growing SaaS company with the goal to establish a new internet standard for checkins, announces today that the new share issue of approximately SEK 45.0 million prior to the planned listing on Nasdaq First North Growth Market was heavily oversubscribed by over 2 000 percent, corresponding to a total subscription value of SEK 950 million. 

The Offering comprised 2,903,226 shares in Checkin.com and the subscription price amounted to SEK 15.50 per share, meaning that the Company will receive approximately SEK 45.0 million before issue costs. Checkin.com has added around 1,220 new shareholders through the Offering. The first day of trading on Nasdaq First North Growth Market is scheduled for May 20, 2021. 

Kristoffer Cassel, CEO and Founder Checkin.com Group comments:

“It is fantastic to see the great interest for investing in the growth of our company and we are very grateful for the trust received from both institutional investors and the general public. At the same time I get mixed emotions since many who wanted to participate weren't able to get any shares this time.”

Following the completion of the Offering, the number of shares in Checkin.com increases from 23,179,932 to 26,083,158, corresponding to a dilution of approximately 11.1 percent. The Offering was covered by subscription commitments of 60 percent, corresponding to SEK 27.0 million, from TIN Fonder, Knutsson Holdings, Norron Select and Erik Selin through ES Aktiehandel AB.

Advisors
Erik Penser Bank AB is financial advisor and issuing agent in relation to the Offering. Bird & Bird Advokat KB is legal advisor to the Company in relation to the Offering. 

For more information, please contact: 
Jonas Köpniwsky, Head of Communications Checkin.com Group, [email protected]

About Checkin.com Group
The first line of code for the Checkin.com software was written back in 2017. The company's goal since then has been clear: to establish a new internet standard for checkins. Checkin.com Group's SaaS-software combines multiple UX-systems, data sources, and identity solutions to instantly configure the best possible experience for each end-user at the point of checkin. The company recruits and works globally to find and maintain the best talents available across the globe, and is headquartered in Stockholm, Sweden.

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