Sivers Semiconductors: 355 Million Shares Now Circulate After Twin Capital Moves
Published on 08/01/2026 at 08:01 | Redaktion boerse-global.de
The share count at Sivers Semiconductors has ballooned to 355,081,317 ordinary shares — each carrying equal voting rights — following the completion of two financing initiatives that were set in motion during the early summer. The Swedish chipmaker confirmed the updated figures on Friday, bringing a period of significant structural change to a close.
The expansion stems from a pair of board decisions. On 30 June 2026, the board approved a targeted share issue of 12,280,701 new shares, which raised approximately 700 million Swedish kronor. The subscription price was set at 57 kronor per share through an accelerated bookbuilding process, representing a discount of roughly 9.7 percent against the closing price on Nasdaq Stockholm that same day. The offering attracted multiple times the available supply, drawing participation from both new and existing institutional investors across Sweden and internationally, with Pareto Securities acting as manager and bookrunner.
Just three days later, on 3 July, a further 22,847,044 shares were created through the full conversion of an outstanding convertible loan held by Bootstrap Europe IV SCSp. That conversion not only added to the share count but also retired a specific debt obligation, simplifying the company's capital structure ahead of its next quarterly report.
Insider Activity Surfaces as Lock-Up Expires
The dilution news landed alongside a separate development: the expiration of lock-up agreements tied to an April capital raise. Board members and executives had been barred from selling their holdings until 16 July 2026. Once that restriction lifted, insiders moved in different directions.
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Chairman Bami Bastani transferred 130,000 shares to charitable causes and family members, then sold an additional 275,000 shares on 16 July. His remaining stake now stands at 381,360 shares. CEO Vickram Vathulya took the opposite approach, purchasing 70,000 additional shares to bring his total to 4,540,076. Board member Todd Thomson, operating through Headwaters Capital LLC, reduced his position by 950,000 shares by 22 July and donated a further 50,000 to a nonprofit. Despite the trimming, Thomson remains the largest shareholder among board members with 477,027 shares.
Trading Window Closes Ahead of Q2 Report
Any further insider transactions are now on hold. Under the EU Market Abuse Regulation, a closed period has been in effect since 28 July 2026, prohibiting persons with managerial responsibilities from trading their own securities until the interim report is published. That report, covering the second quarter, is scheduled for late August, before trading begins on Nasdaq Stockholm.
The share price has endured a turbulent stretch. After reaching a 52-week high of 10.23 euros on 3 June 2026, the stock has fallen roughly 73 percent. Friday's close of 2.75 euros represented a 1.93 percent decline, while the 30-day loss stands at nearly half the share's value. The annualized 30-day volatility sits above 168 percent, underscoring the continued swings as the company works through its capital restructuring.
US Listing Ambitions Drive Regulatory Overhaul
Behind the capital measures lies a broader strategic push. Sivers is adapting its financial reporting to meet PCAOB standards — the requirements of the US audit oversight body — as a precondition for a planned dual listing in the United States. Management sees the move as a way to gain greater visibility for its photonics business, particularly laser solutions aimed at AI data centers.
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The company has also adjusted its financial calendar to accommodate the regulatory transition. First-quarter results were hampered by delays in US defense spending and currency effects, yet management maintains its growth targets for the full year 2026. The second half is expected to carry revenue momentum, supported by a growing project pipeline across the wireless and photonics segments.
The August interim report will offer the first concrete test of whether the fresh capital from the share issue and loan conversion is translating into operational progress. Investors will be watching closely for signs of narrowing operating losses and any concrete timeline for the dual listing on Nasdaq Stockholm and a US exchange. Until then, technical indicators offer limited comfort — the RSI of 37.2 hints at oversold conditions, but the recent stabilization looks more like a pause in the sell-off than a confirmed reversal.
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