On June 18, 2025, K33 CEO Torbjørn Bull Jenssen outlined plans for a new share issue. The K33 Share Issue targets at least SEK 85m in capital for buying up to 1000 Bitcoin. Pareto Securities AS is the sole manager and bookrunner for the transaction. The offering will involve the issuance of new shares directed toward selected investors under market conditions. The process bypasses a traditional rights issue format. The offering structure is a Directed Share Issue under Swedish corporate regulations.
Bitcoin Strategy Aims to Boost Efficiency and Institutional Appeal
The K33 Share Issue program builds on the company’s K33 Bitcoin strategy detailed on May 28. Under this strategy, raised funds will purchase and hold Bitcoin directly on K33’s balance sheet. The approach aims to improve operational efficiency, increase profit margins, and attract institutional clients. K33 believes direct Bitcoin holdings will streamline reporting and reduce external dependencies. The initial press release set out key steps for implementation and governance oversight. “This raise marks a major milestone towards our initial goal of acquiring 1000 BTC before scaling further,” said Jenssen.
Share Pricing, Investor Commitments, and Key Timeline Details
The subscription price per share is SEK 0.1036, matching the June 17 closing price. Pre-commitments from both existing and new investors have secured the minimum target amount. K33 CEO Torbjørn Bull Jenssen has invested through his firm Muunilinst AS. Allocations for management, employees, and board members will follow a separate review process. The share issue runs until June 19, with allocation notices expected by June 23. Trading of the new shares will begin in early July. The timeline ensures full transparency and timely communication to shareholders.
The board opted for a directed share issue to secure capital more rapidly and cost-effectively. They considered a rights issue too slow and expensive in the current market environment. The company did not offer preferential rights to existing shareholders for this issue. Company statements highlighted current market conditions favoring swift capital deployment. The report also mentioned that strategic alignment with selected investors and reduced administrative burdens were also reasons. The final number of shares and their allocation will be determined after the application period.
Investor Voting Requirements and Jurisdictional Restrictions Outlined
Investors in the offering must commit to vote in favor of item 9 at an Extraordinary General Meeting. That meeting is scheduled for July 3 and relates to the authorization of the board’s financial instrument issuance. Selling restrictions apply in jurisdictions including the U.S., Canada, and Japan, among others. The restrictions aim to ensure compliance with regional securities regulations. The vote requirement ensures investor alignment with the company’s longer-term objectives. Decisions regarding K33 Share Issue and other financial developments will follow criteria such as pre-commitments, existing ownership, and investment horizon.
Supporting Instruments and Broader Strategic Financial Planning
In the background, K33 disclosed investment agreements covering new shares, warrants, and convertible loans totalling SEK 60 million. These instruments add financial flexibility as the company expands its activities. K33 has also issued employee stock options under its compensation framework. Additional offerings may follow, provided they secure shareholder approval in future votes. This financing plan follows recent trends of corporations holding digital assets directly. The K33 Bitcoin strategy signals a shift to leverage digital assets as a core model.
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