Flyr completes privately placed equity raise

Norwegian low-cost carrier has registered both tranches of its privately placement of new shares, which raised gross proceeds of NOK 250 million. Tranche 2 178,545,984 shares have now been registered, following the earlier registration of Tranche 1 29,787,349 shares. The company’s new registered share capital is NOK 1,266,039.334 divided on 633,019,667 shares, each with a nominal value of NOK 0.002. The Private Placement was carried out on the basis of an accelerated bookbuilding process managed by Arctic Securities and Carnegie as joint bookrunners after close of markets on 5 May 2022. The net proceeds from the Private Placement will be