Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 14 this week
A running index of rights offerings and rights issues covered in the Special Situations Digest: recent rights offerings, renounceable rights issues, and standby offerings across global markets, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 17 countries. Earlier coverage includes 237+ additional situations from prior issues.
Rights offerings are a frequently overlooked corner of special-situations investing. A rights issue priced at a discount to current market often creates short-term dislocation: existing shareholders may not exercise (especially smaller retail holders), while standby buyers and oversubscription privileges can offer attractive entry pricing. Internationally, particularly in Australia, the UK, and parts of Europe, rights offerings are a routine capital-raising mechanism that gets less attention from U.S.-focused investors.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
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South Korea 32 situations
Hyulim A-Tech Co., Ltd. 078590.KQ (KR) · ₩3,070.00 · MCAP $22M
Hyulim A-Tech Co., Ltd. (078590.KQ) is launching a shareholder-allotment rights offering of 6,000,000 common shares to fund debt repayment, operating funds, and facility investment.
Featured in Issue #29 · Aug 23, 2026
SKC Co., Ltd. 011790.KS (KR) · ₩86,300.00 · MCAP $2.1B · EV $4.6B
Absolics, a subsidiary of SKC (011790.KS), approved a ₩401.1 billion ($289.7 million) shareholder-allocated rights offering to fund glass substrate evaluation, customer certification, and facility upgrades.
Featured in Issue #29 · Aug 23, 2026
Exion Group Co., Ltd. 069920.KQ (KR) · ₩891.00 · MCAP $12M
Exion Group Co., Ltd. (069920.KQ) is issuing 3,800,000 common shares to raise KRW 2,789,200,000 (~$2M) for operating funds.
Featured in Issue #29 · Aug 23, 2026
IA Inc. 038880.KQ (KR) · ₩3,240.00 · MCAP $17M · EV $49M
IA Inc. (038880.KQ) is conducting a shareholder rights offering of 3,700,000 common shares to raise KRW 10,267,500,000 (~$7.4M) for operating funds.
Featured in Issue #29 · Aug 23, 2026
Poongwon Precision Co., Ltd. 371950.KQ (KR) · KRW 5,880 · MCAP $94M · EV $128M
Subscription runs from August 19 to August 20, 2026, with payment due August 24 and listing on September 7.
Featured in Issue #28 · Aug 16, 2026
IREM Co., Ltd. 009730.KQ (KR) · MCAP $10K
IREM amended its shareholder-allocation rights offering originally disclosed April 24, 2026.
Featured in Issue #28 · Aug 16, 2026
Clobot Inc. 466100.KQ (KR) · ₩32,700.00 · MCAP $590M · EV $558M
Clobot Inc. is issuing 5,494,500 new common shares at a final price of KRW 20,600 (~$15) per share.
Featured in Issue #28 · Aug 16, 2026
SensorView Co., Ltd. 321370.KQ (KR) · KRW 1,289 · MCAP $47M · EV $56M
SensorView confirms final issuance price of KRW 1,153 per common share, down from the expected KRW 1,339.
Featured in Issue #28 · Aug 16, 2026
EcoPro BM 247540.KS (KR) · MCAP $6M
EcoPro BM (247540.KQ) postponed the effective date of its ₩1.2 trillion (~$850M) rights offering registration statement to August 25 following a second voluntary amendment.
Featured in Issue #28 · Aug 16, 2026
MX Robotics Co., Ltd. 007820.KQ (KR) · KRW 4,450 · MCAP $62M · EV $76M
MX Robotics Inc. (007820.KQ) is raising $7.1M through a third-party allotment to consolidate control with its largest shareholder vehicle, MX On Co., Ltd. The company will issue 3,289,473 common shares at KRW 3,040 per…
Featured in Issue #28 · Aug 16, 2026
Sangji Construction Co., Ltd. 042940.KQ (KR) · ₩6,010.00 · MCAP $29M · EV $92M
Fwd EV/EBITDA: 49.9x · Fwd EV/Sales: 3.8x · LTM EV/Sales: 6.5x · LTM EV/GP: 37.7x
Sangji Construction, Inc. engages in the construction, electrical, and architectural work businesses in South Korea. The company offers total real estate development services comprising real estate development planning, profitability analysis, construction work, and interior design.
Sangji Construction filed a correction to its May 8, 2026, rights offering announcement, delaying the timetable. Existing shareholder subscription period was delayed to October 6-7, 2026, with payment on October 15 and listing on October 27. The expected issue price remains KRW 8,520 per share, with the final price confirmation date moved to September 30, 2026.
Featured in Issue #27 · Aug 9, 2026
ToolGen Inc. 199800.KQ (KR) · ₩37,700.00 · MCAP $241M · EV $224M
ToolGen Incorporated, a biotechnology company, focuses on the development of genome editing technology in South Korea. The company develops clustered regularly interspaced short palindromic repeats (CRISPR)-Cas9 gene scissors for gene editing in eukaryotic cells.
ToolGen amended its rights offering filing, reducing the expected issuance price from KRW 90,200 (~$64) to KRW 30,950 (~$22) per share. The offering is a shareholder-allocation followed by public offering of unsubscribed shares, with a record date of August 10, 2026. Total operating funds to be raised are KRW 24.05 billion (~$17M), down from the originally stated KRW 70.09 billion (~$50M). Existing shareholders will receive 0.0863800841 new shares per existing share, with subscription running September 16-17, 2026.
Featured in Issue #27 · Aug 9, 2026
SK D&D Co., Ltd. 210980.KQ (KR) · ₩5,230.00 · MCAP $69M
Fwd P/E: 3.2x
SK D&D is a South Korean real estate development and energy company listed on the KOSDAQ market.
SK D&D (SK D&D) is raising 136.7 billion won through a rights offering of 44.68 million new shares to repay debt. Minority shareholders are protesting the issuance due to dilution concerns and a valuation discrepancy relative to a previous tender offer. The situation centers on a potential destruction of shareholder value.
Featured in Issue #27 · Aug 9, 2026
L&C Bio 290650.KQ (KR) · ₩62,000.00 · MCAP $1.2B · EV $1.2B
Fwd P/E: 55.3x · Fwd EV/EBITDA: 30.4x · Fwd EV/Sales: 9.1x · LTM EV/Sales: 17.5x · LTM EV/GP: 31.9x
L&C BIO Co.,LTD operates as a research and development company in tissue regeneration medicine. The company offers pharmaceuticals, human tissue, medical device, and cosmetics products.
L&C Bio's 3.7 million-share rights offering (shareholder allocation with unsubscribed shares offered to the public) carries an indicative issue price of ₩38,000, derived from a formula base price of ₩52,370 at the filing's stated 25% discount rate and a 13.72% issue ratio, an effective 27.4% discount to that base price and 26.8% below the ₩51,900 close on the July 31 board-resolution date; the final price will be set on October 8, 2026.
Featured in Issue #27 · Aug 9, 2026
HYULIM A-TECH Co., Ltd. 078590.KQ (KR) · ₩3,560.00 · MCAP $25M
South Korean Tier-1 auto-parts supplier making precision components for internal-combustion engines and, to a lesser extent, construction-machinery parts, listed on KOSDAQ.
Hyulim A-Tec filed a correction to its previously announced rights offering, adjusting key dates. The existing shareholder subscription period was delayed to October 19-20, 2026, with payment now due October 27, 2026. The expected issue price remains KRW 4,915 per share, with the final price to be confirmed on October 14, 2026.
Featured in Issue #27 · Aug 9, 2026
Fantagio Corp. 032800.KQ (KR) · ₩1,583.00 · MCAP $10M
Fantagio Corp. operates as a comprehensive entertainment company in Korea.
Subscription is rescheduled for September 1-2, 2026, with new shares listing on September 17, 2026.
Featured in Issue #27 · Aug 9, 2026
Hyper Corporation 065650.KQ (KR) · ₩1,713.00 · MCAP $13M · EV $24M
Fwd P/E: NM · Fwd EV/Sales: 3.7x · LTM EV/Sales: 0.4x · LTM EV/GP: 2.6x
Hyper Corporation Inc., a clinical stage biopharmaceutical company, focuses on the development of Alzheimer's disease (AD) and neuropathic pain treatments, and AD diagnostics. Its products under development include TRPV1 Antagonist and TRPV1 Agonist for neuropathic pain.
The offering consists of 7.7 million common shares at KRW 2,655 per share to fund operations, with SK Securities acting as lead underwriter. The record date for new share allotment was pushed to August 31, 2026, and the shareholder subscription period was moved to October 21–22, 2026. New shares are now expected to list on November 11, 2026. The delay extends the subscription window and the short-selling restriction period through October 16, 2026, with tradable warrants listing September 30–October 7, 2026.
Featured in Issue #27 · Aug 9, 2026
Hanwha Solutions 009830.KS (KR) · ₩33,900.00 · MCAP $4.1B · EV $15.5B
Fwd P/E: 13.2x · Fwd EV/EBITDA: 10.9x · Fwd EV/Sales: 1.1x · LTM EV/Sales: 0.8x · LTM EV/GP: 6.2x
Hanwha Solutions Corporation engages in the manufacture and sale of synthetic resins in South Korea, China, Germany, the United States, and internationally. The company operates through Basic Materials, Renewable Energy, Processed Materials, and Other segments.
Hanwha Solutions is raising 1.17 trillion won via a paid-in capital increase, reduced from an initial 2.4 trillion won plan after regulatory intervention. Proceeds are earmarked for financial-structure improvement and investment in the 'Solar Hub' integrated solar manufacturing base in Georgia, US. Vice chairman Kim Dong-kwan acquired 23,153 new shares, increasing his holdings from 81,400 to 104,553 shares; his stake remains unchanged at 0.05%. Shares rose 7.86% to 26,750 won in early trading on August 4 following news of the insider participation.
Featured in Issue #27 · Aug 9, 2026
Foodnamoo Co., Ltd. 290720.KQ (KR) · ₩2,980.00 · MCAP $75M · EV $99M
Fwd P/E: NM · Fwd EV/EBITDA: NM · Fwd EV/Sales: 0.6x · LTM EV/Sales: 1.7x · LTM EV/GP: 5.3x
Foodnamoo., Inc. manufactures and sells food products in Korea and internationally. The company offers its products under the Delicious Chicken, Itmate Signature, NatureM, Freshness, Ranker, Cheatingday, Fresh Home, Shield, Eatmate, 1am, Protein Earth, and Alshev brand names.
Board-approved third-party allotment of 8,196,721 common shares at KRW 2,440 per share, a 10% discount to reference price of KRW 2,711. Sole allottee is New Cade Dream Investment Association No. 1, a single-investor vehicle controlled by Han Young-gyu. The allottee's 2025 financials show KRW 2,050 million (~$1.5M) in assets, KRW 2,050 million (~$1.5M) in liabilities, and negative equity of KRW 2,050 million (~$1.5M) with KRW 1 million (~$711) capital.
Featured in Issue #27 · Aug 9, 2026
Penetrium Bioscience Inc. 187660.KQ (KR) · ₩3,870.00 · MCAP $151M · EV $153M
LTM EV/Sales: 22.1x
South Korean biopharmaceutical company (formerly Hyundai ADM Bio) engaged in new-drug development and clinical-trial agency services, including trial design, execution, data management and regulatory support.
Penetrium Bio Sciences is conducting a rights offering of 8,500,000 common shares at a final price of KRW 3,085 per share. The offering is structured as a shareholder allocation followed by a general public offering for unexercised rights, with Yuanta Securities as lead underwriter. Existing shareholders are entitled to 0.1551578144 new shares per existing share, with the subscription period running August 5-6, 2026. The record date for the rights allocation was June 30, 2026, and the payment date is August 13, 2026.
Featured in Issue #27 · Aug 9, 2026
Hanwool Semiconductor Co., Ltd. 320000.KQ (KR) · ₩11,390.00 · MCAP $53M · EV $41M
LTM EV/Sales: 7.9x · LTM EV/GP: 74.1x
HanWool Semiconductor, Inc. provides x-ray, microchip, film and FPD, and artificial intelligence products.
Hanwool Semiconductor is conducting a rights offering of 3,800,000 common shares at a scheduled price of KRW 5,020 per share. The record date for the rights offering is September 4, 2026, with existing shareholder subscription on October 15–16, 2026. The offering is structured as a shareholder allotment followed by a public offering of unexercised rights, with SK Securities as lead underwriter.
Featured in Issue #27 · Aug 9, 2026
HLB Pharmaceutical Co., Ltd. 047920.KQ (KR) · ₩8,390.00 · MCAP $84M · EV $84M
LTM EV/Sales: 0.5x · LTM EV/GP: 1.1x
HLB Pharmaceutical Co., Ltd. researches and develops peptide drugs in South Korea. The company offers skeletal muscle relaxant, tranquilizers, antihistamines, antihypertensive agents, pain relief, antipruritics, astringents, anti-inflammatories, alimentary system drugs, metabolic drugs, ophthalmic agents, local anesthetics, antiarteriosclerotic agents, expectorants, antipyretics.
HLB Pharma corrected its rights offering terms, setting the 1st issuance price at KRW 5,650 per share, down from the initial estimate of KRW 11,150. The rights offering is for 10,762,332 common shares, with a record date of August 5, 2026, and a subscription ratio of 0.3281321329 new shares per existing share. The subscription period for existing shareholders runs from September 10 to 11, 2026, with the final issue price to be confirmed on September 8, 2026. Proceeds are intended for facility funds (KRW 55B (~$39M)) and working capital (KRW 5.8B (~$4.1M)), with the debt repayment portion removed in this correction.
Featured in Issue #27 · Aug 9, 2026
Bonne Co., Ltd. 226340.KQ (KR) · ₩6,200.00 · MCAP $37M · EV $44M
Fwd P/E: 3.3x · Fwd EV/EBITDA: 3.8x · Fwd EV/Sales: 0.6x · LTM EV/Sales: 1.5x · LTM EV/GP: 3.6x
Bonne Co., Ltd. manufactures and sells cosmetics in South Korea and internationally. The company offers baby and infant shampoos, rinses, lotions, creams, oils, personal care products, and bath products; bath oils/tablets/capsules, bath salts, bubble baths, and other bath products.
Third-party allotment of 1,678,096 common shares at KRW 1,313 per share, a 10% discount to base price of KRW 1,458. Proceeds of KRW 2,203,340,048 (~$1.6M) (~USD 1.6M) raised for operating funds. Subscription period: August 10, 2026, 10:00 AM to 4:00 PM; payment and deposit through Shinhan Bank. New shares scheduled for listing August 24, 2026 with dividend record date January 1, 2026.
Featured in Issue #27 · Aug 9, 2026
Thumbage 208640.KQ (KR) · ₩1,012.00 · MCAP $10M · EV $9M
Thumbage Co., Ltd. develops and sells online and mobile games in South Korea.
KOSDAQ-listed Thumbage (208640) cancelled its shareholder-allotted paid-in capital increase on Aug. 5, one day before subscription period was to begin. Company cited 'changes in financial conditions and market conditions due to the prolonged rights offering period' as reason for withdrawal. Q1 cash and cash equivalents were approximately 1.1 billion won with 980 million won operating loss; coffers expected to run dry without funding.
Featured in Issue #27 · Aug 9, 2026
L&C BIO Co., Ltd. 290650.KQ (KR) · ₩51,900.00 · MCAP $974M · EV $1.0B
Fwd P/E: 46.3x · Fwd EV/EBITDA: 25.6x · Fwd EV/Sales: 7.6x · LTM EV/Sales: 14.8x · LTM EV/GP: 26.8x
L&C BIO Co.,LTD operates as a research and development company in tissue regeneration medicine. The company offers pharmaceuticals, human tissue, medical device, and cosmetics products.
L&C BIO Co., Ltd. (290650.KQ) is conducting a paid-in capital increase and a 1-for-1 bonus issue that will more than double the share count from 26.97M to approximately 61.1M shares. Subscription rights are expected to list between September 23 and October 1, 2026, with rights subscriptions ending October 15, 2026. The record date for the bonus issue of 30,437,464 shares is October 27, 2026. The expected offer price represents a 25% discount to the formula base price, creating a near-term subscription-rights arbitrage window for holders as the rights trade on KOSDAQ.
Featured in Issue #26 · Aug 2, 2026
Amotech Co., Ltd. 052710.KQ (KR) · ₩14,040.00 · MCAP $143M · EV $209M
Fwd P/E: 12.7x · Fwd EV/EBITDA: 12.4x · Fwd EV/Sales: 1.1x · LTM EV/Sales: 1.3x · LTM EV/GP: 8.3x
Amotech Co., Ltd. offers components for automotive, mobile phone, and home appliances in South Korea and internationally. The company provides multi-layer ceramic capacitor solutions for home appliances, telecommunications, and automobiles.
The final paid-in capital increase price is KRW 8,700 per share, a decrease from the initial expectation of KRW 20,600 (~$14). Existing shareholders will receive 0.1621893953 new shares per share held, with subscriptions running August 3-4, 2026, followed by a general public offering of forfeited shares on August 6-7, 2026. Bonus shares will be distributed to shareholders of record on August 14, 2026. The steep discount to market and the concurrent bonus issue create a near-term arb window around the August subscription and September listing dates.
Featured in Issue #26 · Aug 2, 2026
LB Semicon Co., Ltd. 061970.KQ (KR) · ₩3,200.00 · MCAP $126M · EV $330M
Fwd P/E: 10.4x · Fwd EV/EBITDA: 3.5x · Fwd EV/Sales: 0.9x · LTM EV/Sales: 1.0x · LTM EV/GP: NM
LB Semicon Inc. provides flip-chip wafer bumping technology solutions in South Korea.
LB Semicon (061970.KQ) is conducting a paid-in capital increase by offering 12,000,000 shares. The rights subscription period ends August 4, 2026. This event serves as a catalyst for the issuer.
Featured in Issue #26 · Aug 2, 2026
SK D&D 210980.KS (KR) · ₩4,280.00 · MCAP $55M
Fwd P/E: 2.6x
SK D&D is a Korean real estate development and investment company engaged in residential and mixed-use projects, including co-investment REITs and PFVs.
SK D&D (210980.KQ) is raising 136.7 billion won through a rights offering to fund near-term debt and project obligations. The issuer will offer 44,681,000 common shares at an expected price of 3,060 won. Proceeds are earmarked to repay 62 billion won in private bonds maturing in October and fund 75.3 billion won for Gunpo Triarts project contingent liabilities. The record date is September 2, with shareholder subscription scheduled for October 12–13 and the final price to be set on October 6. The raise is specifically targeted toward bond repayment and a project liability rather than general corporate purposes.
Featured in Issue #26 · Aug 2, 2026
Clobot Inc. 466100.KQ (KR) · ₩23,200.00 · MCAP $411M · EV $380M
LTM EV/Sales: 12.2x · LTM EV/GP: 46.1x
CLOBOT Co., Ltd. operates as a robotics integration company in Korea. The company also provides robot service planning, robot operation and maintenance services, and robot supply services.
Kim Chang-gu and his group increased their stake in Clobot Inc. (466100.KQ) to 16.38% by subscribing to 888,567 new shares through a rights offering on July 22, 2026. The group paid KRW 17.27 billion (~$12M), with subscriptions also made by related parties Hwang Seo-yeon and Park Chun-sung. Total shares outstanding expanded to 30,879,792 from 25,459,239, diluting Kim's voting stake on existing shares to 13.33%. The final issuance price will be determined on August 10, 2026. Kim filed a changed large-shareholding report with management-control purpose, confirming the controlling shareholder is exercising rights to maintain influence.
Featured in Issue #26 · Aug 2, 2026
IOKENM Co.,Ltd. 078860.KQ (KR) · ₩2,780.00 · MCAP $11M · EV $13M
LTM EV/Sales: 1.9x · LTM EV/GP: NM
IOKENM Co., Ltd. engages in the entertainment business. The company offers broadcast and advertising appearances, album and music production, video content production, K-contents, etc. The company was formerly known as STAGEONE ENTER Co.
Third-party allotment of 5,813,953 common shares at KRW 2,580 per share, a 10% discount to base price of KRW 2,861.84. Sole allottee is Contra 31 Association, a newly established 2026 entity with KRW 1 million (~$696) total assets and 2 contributors. New shares subject to 6-month mandatory lock-up and 1-year deposit restriction with Korea Securities Depository.
Featured in Issue #26 · Aug 2, 2026
Lotte Corporation 004990.KS (KR) · ₩22,600.00 · MCAP $1.2B
Fwd EV/EBITDA: 9.4x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 0.8x · LTM EV/GP: 2.9x
LOTTE Corporation engages in the food, retail, chemical, construction, manufacturing, tourism, service, and finance businesses worldwide. The company also operates department stores, grocery market, supermarkets, convenience stores, and home shopping networks; e-commerce platform; easy payment service.
Lotte Corporation (004990.KS) is increasing its stake in Lotte Biologics by participating in a rights offering to fund the construction of the Songdo Bio Campus Plant 1. Lotte Corporation will acquire 2,555,804 common shares for 155.03 billion won. Other participants in the offering include Japan's Lotte Holdings and Hotel Lotte, with total gross proceeds for Lotte Biologics reaching 255.3 billion won. The subscription payment date is August 19.
Featured in Issue #26 · Aug 2, 2026
JK Synapse 060230.KS (KR) · ₩1,631.00 · MCAP $12M · EV $50M
JK Synapse, founded in 1999 and KOSDAQ-listed since 2002, manufactures chemical products, electronic materials, and electronic components.
JK Synapse (060230.KS) is issuing 3,099,173 common shares to Hyulim Robot for ₩3 billion (~$2.1M) to avoid a KOSDAQ administrative-issue designation. Hyulim Robot will pay ₩968 per share by July 28, resulting in a 21.58% stake and becoming the largest shareholder. Proceeds will be used to improve the financial structure and address concerns regarding unconverted convertible bonds. This third-party allotment serves as a change-of-control event to preempt a KOSDAQ delisting review.
Featured in Issue #25 · Jul 27, 2026
Sweden 16 situations
Image Systems AB IS.ST (SE) · SEK 0.68 · MCAP $6M · EV $10M
Image Systems AB (IS.ST) is conducting a preferential rights issue to raise SEK 21.4 million (~$2.3M).
Featured in Issue #29 · Aug 23, 2026
Realfiction Holding AB REALFI.ST (SE) · SEK 0.55 · MCAP $1.4M
Realfiction Holding AB (REALFI.ST) intends to launch a rights issue of units comprising shares and series TO3 warrants to raise up to SEK 36 million (~$3.8M), subject to approval of an Articles of Association amendment…
Featured in Issue #29 · Aug 23, 2026
Cell Impact AB CI.ST (SE) · SEK 0.06 · MCAP $3M · EV $5M
Cell Impact AB (publ) (CI.ST) is conducting a rights issue of units to raise approximately SEK 53.6 million (~$5.7M) to repay bridge financing and accrued interest.
Featured in Issue #29 · Aug 23, 2026
Cell Impact AB CELL.ST (SE) · MCAP $306K
Subscriptions were made by CEO Daniel Vallin, CFO Malin Lundberg, CHRO Karina Sick Larsson, Chairman Mats Boquist, and board members Jan Pieters, Mats Franzen and Lars Bergström.
Featured in Issue #28 · Aug 16, 2026
Biosergen AB BIOS.ST (SE)
Biosergen (BIOS.ST) is launching a SEK 40 million (~$4.2M) rights issue to raise capital.
Featured in Issue #28 · Aug 16, 2026
Cell Impact AB CI.ST (SE) · SEK 0.06 · MCAP $3M · EV $4M
Fwd EV/Sales: 1.0x · LTM EV/Sales: 7.8x · LTM EV/GP: NM
Cell Impact AB (publ) manufactures and sells bipolar flow plates for hydrogen fuel cells and electrolyzers in the United States, Sweden, Other Europe, and Asia. The company provides production series of flow plates; design for manufacturing and other design services.
Subscription period runs August 6–20, 2026; unit rights trade August 6–17, 2026. Terms: 3 unit rights subscribe for 1 unit; each unit contains 6 shares, 2 TO5 warrants, and 2 TO6 warrants. Subscription price is SEK 0.330 per unit, equivalent to SEK 0.055 per share. Fully subscribed proceeds are approximately SEK 53.6 million (~$5.7M) before issue costs and bridge loan repayment. The subscription period runs from August 6 to August 20, 2026, with a subscription price of SEK 0.330 per unit, or SEK 0.055 per share.
Featured in Issue #27 · Aug 9, 2026
SpectraCure AB SPEC.ST (SE) · SEK 0.038 · MCAP $2M · EV $767.9K
Fwd EV/EBITDA: NM · Fwd EV/Sales: 1.0x
SpectraCure AB (publ) engages in the development of cancer treatment system in Sweden.
SpectraCure expanded the guarantee level in its ongoing rights issue to approximately 75 percent through a top guarantee commitment. Vator Securities AB is the top guarantor, as well as the previous bottom guarantor. The guarantee compensation is 2 percent of the guaranteed amount in cash and 20 percent through set-off against newly issued units.
Featured in Issue #27 · Aug 9, 2026
Precise Biometrics PREC.ST (SE) · SEK 0.852 · MCAP $7M · EV $6M
Fwd P/E: -5.7x · Fwd EV/EBITDA: 2.3x · Fwd EV/Sales: 0.6x · LTM EV/Sales: 0.8x · LTM EV/GP: 1.1x
Precise Biometrics AB (publ) operates in the field of cybersecurity and biometric solutions in Sweden, Taiwan, China, the United States, and internationally. The company operates in two segments, Digital Identity and Biometric Technologies.
Precise Biometrics (PREC.ST) is conducting a rights issue to finance the integration of a merger with Fingerprint Cards. The subscription period for the issue runs from July 29 to August 12, 2026. Proceeds are intended to realize synergies and invest in growth areas for the combined hardware and software entity. An investor presentation is scheduled for August 6, 2026, to discuss the merger and the financing. The rights issue creates a near-term actionable window ending August 12, with the August 6 presentation potentially revealing deal terms or synergy details.
Featured in Issue #27 · Aug 9, 2026
S2Medical AB S2M.ST (SE) · SEK 0.0054
LTM EV/Sales: 0.2x · LTM EV/GP: 0.3x
S2Medical AB (publ) develops products for wound healing, infection control, and cosmeceuticals spectrum in Sweden. The company offers odor eliminator under the YNOLENS brand; IvaQ, a negative pressure wound therapy (NPWT) system.
S2Medical AB (publ) (S2M.ST) restructured its rights issue into units to accommodate Euroclear Sweden's two-decimal processing system. The revised record date is 20 August 2026, with the subscription period running from 24 August to 10 September 2026. Only B-unit rights and paid subscribed B-units will trade on Nasdaq First North Growth Market.
Featured in Issue #26 · Aug 2, 2026
Scandi Standard AB SCST.ST (SE) · SEK 143.00 · MCAP $981M · EV $1.2B
Fwd P/E: 18.7x · Fwd EV/EBITDA: 9.6x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 0.8x · LTM EV/GP: 2.0x
Scandi Standard AB (publ) produces and sells chilled, frozen, and ready-to-eat chicken products in Sweden, Norway, Ireland, Denmark, Finland, Germany, the United Kingdom, Rest of Europe, and internationally. The company offers ready-to-cook, ready-to-eat, and other products under the Kronfågel, Ivars.
Scandi Standard AB (publ) (SCST.ST) has announced a proposed rights issue of approximately SEK 408 million to finance its acquisition of Glenhaven Foods. Completion is subject to approval by an extraordinary general meeting on August 26, 2026. The issuer proposes 3,268,143 new ordinary shares at SEK 125 per share; the subscription period is September 1–15 after the August 28 record date. Shareholders receive one subscription right per existing share, with 20 rights required for one new share. A shareholder group controlling approximately 63% has committed to subscribe pro rata and, subject to EGM approval of the underwriting fee, conditionally underwrite the remaining approximately 37%. Rights trade September 1–10; the 2.8% TERP discount is based on the July 29 closing price of SEK 128.80. The backstop reduces subscription shortfall risk but does not remove the EGM approval condition.
Featured in Issue #26 · Aug 2, 2026
Precise Biometrics PREC.ST (SE) · SEK 0.88 · MCAP $16M · EV $6M
Fwd EV/EBITDA: 2.3x · Fwd EV/Sales: 0.6x · LTM EV/Sales: 0.8x · LTM EV/GP: 1.1x
Precise Biometrics AB (publ) operates in the field of cybersecurity and biometric solutions in Sweden, Taiwan, China, the United States, and internationally. The company operates in two segments, Digital Identity and Biometric Technologies.
Precise Biometrics (PREC.ST) is launching a rights issue to raise approximately SEK 110 million (~$12M) to finance integration following its merger with Fingerprint Cards and realize identified synergies. The subscription period runs from July 29 to August 12, 2026. Guarantee commitments totaling SEK 100 million (~$11M) include DNB Bank ASA and Schonfeld Global Master Fund LP.
Featured in Issue #26 · Aug 2, 2026
Sweden Buyersclub AB BUY.ST (SE) · SEK 5.45 · MCAP $8M
Sweden Buyersclub AB operates an e-commerce platform in Sweden. The company offers products in the grocery store, kitchen, garden and outdoor environment, home and household, beauty and hygiene, furniture and interior design, books, pets, technique, office, toys, children and babies.
Sweden Buyersclub AB (BUY.ST) published a preliminary timetable for its rights issue: the record date was July 27, 2026; the subscription period was set for July 29 to August 12; subscription rights trading was set for July 29 to August 7; and the outcome was expected on August 14. The source notes that some dates may change.
Featured in Issue #26 · Aug 2, 2026
Clean Motion AB CLEMO.ST (SE) · SEK 0.09 · MCAP $2M · EV $2M
LTM EV/Sales: 6.2x · LTM EV/GP: 44.6x
Clean Motion AB (publ) develops and manufactures solar-powered electric vehicles and sustainable transport solutions in Sweden, Europe, and Internationally.
Clean Motion AB (CLEMO.ST) announced final results for a rights issue of up to 198,919,700 units at SEK 0.10 per unit: 49.2% was subscribed and guarantee commitments for 41,409,914 units, or 20.8% of the issue, will be used. The issue adds 139,243,790 shares and is expected to provide approximately SEK 10.0 million before costs after a SEK 4.0 million loan set-off. Non-participating shareholders face approximately 41.1% dilution; full exercise of TO4 could add up to another 29.2% dilution, with exercise from January 18 to February 1, 2027 and a maximum exercise price of SEK 0.12.
Featured in Issue #26 · Aug 2, 2026
4C Group AB 4C.ST (SE) · SEK 7.80 · MCAP $31M · EV $48M
4C Group AB (publ), together with its subsidiaries, provides software solutions and expert services for organizational resilience, training, and crisis management worldwide. The company offers Exonaut, a software platform that enables management of incidents, crises, risks, and compliance assurance.
4C Group AB (4C.ST) raised approximately SEK 73.6 million (~$7.6M) through a rights issue and over-allotment to fund general corporate purposes and set off SEK 13.7 million (~$1.4M) in shareholder loans. The rights issue for 7,654,999 shares at SEK 7.00 per share was approximately 240% oversubscribed, while the board exercised an over-allotment option to issue 2,857,142 shares at SEK 7.00 to Salénia AB and Fredrik Lundgren for SEK 20 million (~$2.1M). Combined, the transactions result in a total dilution effect of approximately 21.5%. New shares are expected to commence trading around 2026-08-17. The over-allotment was exercised via directed placement to two committed investors rather than pro-rata to all applicants, creating potential inequality-of-treatment questions.
Featured in Issue #25 · Jul 27, 2026
Nicoccino Holding AB NICO.ST (SE) · SEK 1.17 · MCAP $4M · EV $6M
Manufactures and sells tobacco-free nicotine products in pouches and strips.
Nicoccino Holding AB (NICO.ST) is launching a rights offering to raise approximately 17 MSEK to strengthen working capital and finance growth. The subscription period runs from July 24 to August 21, 2026, and trading in subscription rights begins July 27. Because the offering is unbackstopped, the ~44.63% of shareholders who have waived their subscription rights creates a structural shortfall risk. The 1.10 SEK subscription price provides a reference floor as it matches the recent set-off issue price.
Featured in Issue #25 · Jul 27, 2026
Precise Biometrics AB PREC.ST (SE) · SEK 1.01 · MCAP $8M · EV $7M
Precise Biometrics AB (publ) operates in the field of cybersecurity and biometric solutions in Sweden, Taiwan, China, the United States, and internationally. The company operates in two segments, Digital Identity and Biometric Technologies.
Precise Biometrics resolved on a SEK 110 million (~$11M) rights issue. The stock began trading ex-rights on Nasdaq Stockholm on July 24, 2026. The rights issue follows the completion of the merger with Fingerprint Cards AB.
Featured in Issue #25 · Jul 27, 2026
Norway 12 situations
Induct AS INDCT.OL (NO) · NOK 0.83 · MCAP $3M · EV $4M
Induct AS (INDCT.OL) increased its share capital to settle an underwriting fee as part of an ongoing rights issue.
Featured in Issue #29 · Aug 23, 2026
The Kingfish Company N.V. KING.OL (NO) · NOK 1.27 · MCAP $123M
The Kingfish Company N.V. (KING) is launching a subsequent offering of 74,766,355 new ordinary shares.
Featured in Issue #29 · Aug 23, 2026
Desert Control AS DSRT.OL (NO) · NOK 0.34 · MCAP $4M · EV -$2M
Desert Control AS (DSRT.OL) is raising NOK 70 million (~$7.4M) through a fully underwritten rights issue of 256,172,241 new shares at NOK 0.2733 per share.
Featured in Issue #28 · Aug 16, 2026
Induct AS INDCT.OL (NO) · NOK 0.80 · MCAP $3M · EV $3M
Induct AS (INDCT.OL) is closing a partially underwritten rights issue to raise up to NOK 20 million (~$2.1M).
Featured in Issue #28 · Aug 16, 2026
Induct AS INDCT.OL (NO) · NOK 0.90 · MCAP $3M · EV $4M
Fwd P/E: NM · Fwd EV/EBITDA: 6.2x · Fwd EV/Sales: 2.2x · LTM EV/Sales: 2.5x
Induct AS develops management software in Norway and internationally. The company offers a digital platform, which helps to manage and collaborate on projects and contracts; and create discussion groups.
Induct AS is conducting a preferential rights issue of between NOK 15 million and NOK 20 million with secured underwriting commitments of NOK 15 million, so the NOK 20 million maximum is not fully underwritten. Proceeds are intended to strengthen working capital and fund the revised strategy, including broader rollout of the digital care pathway solution, sales and marketing, continued product development, and growth ambitions in care pathways and grant portals. The subscription period runs from 27 July to 10 August 2026 at 16:30 CEST, with subscription rights trading through 4 August; oversubscription with rights and subscriptions by underwriters are permitted.
Featured in Issue #27 · Aug 9, 2026
Desert Control AS DSRT.OL (NO) · NOK 0.38 · MCAP $5M · EV -$2M (negative EV reflects cash in excess of market value)
Fwd P/E: NM
Desert Control AS provides climate-smart agri-tech solutions to combat desertification, soil degradation, and water scarcity in sandy soil regions in Norway, and the United States. The company provides solutions for agriculture, landscaping, golf courses and turf management.
Fully underwritten rights issue of 256,172,241 new shares at a subscription price of NOK 0.2733 per share. Gross proceeds targeted at NOK 70 million (~$7.4M). Subscription rights trading period expires 5 August 2026 at 16:30 CEST; subscription period expires 10 August 2026 at 16:30 CEST. Arctic Securities is acting as manager for the rights issue. Trading in Desert Control subscription rights was halted on 3 August 2026 due to an Oslo Stock Exchange technical error.
Featured in Issue #27 · Aug 9, 2026
Desert Control AS DSRT.OL (NO) · NOK 0.33 · MCAP $4M · EV -$2M
Fwd P/E: NM
Desert Control AS provides climate-smart agri-tech solutions to combat desertification, soil degradation, and water scarcity in sandy soil regions in Norway, and the United States. The company provides solutions for agriculture, landscaping, golf courses and turf management.
Desert Control AS (DSRT.OL) launched a fully underwritten rights issue to raise NOK 70 million (~$7.4M) in gross proceeds. The issuer is offering 256,172,241 new shares at NOK 0.2733 per share, with each shareholder receiving 2.1166 subscription rights per share held. Underwriters include the largest shareholder, Woods End Interests LLC, which committed NOK 28 million (~$3M). Subscription rights trade on Euronext Growth Oslo under ticker DSRTT through 4 August 2026, with the subscription period ending 10 August 2026. This structure creates a near-term arbitrage window as the stock price of NOK 0.33 sits above the subscription price, while the backstop reduces deal-failure risk.
Featured in Issue #26 · Aug 2, 2026
Induct AS INDCT.OL (NO) · NOK 0.89 · MCAP $3M · EV $4M
Fwd P/E: NM · Fwd EV/EBITDA: 4.8x · Fwd EV/Sales: 2.0x · LTM EV/Sales: 2.5x · LTM EV/GP: 2.6x
Induct AS develops management software in Norway and internationally. The company offers a digital platform, which helps to manage and collaborate on projects and contracts; and create discussion groups.
Induct AS (INDCT.OL) is launching a partially underwritten rights issue to raise up to NOK 20 million (~$2.1M) by offering 22,222,222 new shares at NOK 0.90 per share. Shareholders receive 0.7097 subscription rights per share held as of the July 8, 2026 record date. Underwriters have committed to NOK 15 million (~$1.6M) of the issue on a pro-rata basis, with 20% covered by pre-committed subscriptions from four existing shareholders. Underwriters will receive a 14% fee payable in new shares at the subscription price. Subscription rights trade under ticker INDTT from July 27 to August 4, 2026, and the subscription period closes August 10, 2026. The underwriting and pre-commitments provide a backstop.
Featured in Issue #26 · Aug 2, 2026
Norsk Titanium AS NTI.OL (NO) · NOK 1.03 · MCAP $141M · EV $126M
LTM EV/Sales: 34.4x
Norsk Titanium AS, together with its subsidiaries, engages in 3D printing of metal alloys for commercial aerospace, defense, and industrial manufacturers in Europe and the United States.
Norsk Titanium AS (NTI.OL) is concluding a subsequent offering of up to 45,000,000 new shares today, July 23, 2026. The subscription price is NOK 1.00 per share, with the period expiring at 16:30 CEST. Unexercised subscription rights will lapse without compensation. Arctic Securities AS and Pareto Securities AS are acting as joint bookrunners. The expiry forces holders to decide whether to exercise at NOK 1.00 or let the rights lapse worthless, a marginal decision given the current market price of NOK 1.03.
Featured in Issue #26 · Aug 2, 2026
Induct AS INDCT.OL (NO) · NOK 0.87 · MCAP $3M · EV $3M
Fwd P/E: NM · Fwd EV/EBITDA: 4.7x · Fwd EV/Sales: 1.9x · LTM EV/Sales: 2.4x
Induct AS develops management software in Norway and internationally. The company offers a digital platform, which helps to manage and collaborate on projects and contracts; and create discussion groups.
Induct AS (INDCT.OL) is launching a partially underwritten rights issue to raise up to NOK 20 million (~$2.1M) in gross proceeds. The subscription period runs from 27 July 2026 to 10 August 2026, with subscription rights trading under ticker INDTT from 27 July to 4 August 2026. Norne Securities AS is serving as manager and bookrunner. The take-up rate during the subscription window will determine how much of the uncovered portion the underwriter must absorb.
Featured in Issue #25 · Jul 27, 2026
Desert Control AS DSRT.OL (NO) · NOK 0.41 · MCAP $5M · EV -$1M
Fwd P/E: NM
Desert Control AS provides climate-smart agri-tech solutions to combat desertification, soil degradation, and water scarcity in sandy soil regions in Norway, and the United States. The company provides solutions for agriculture, landscaping, golf courses and turf management.
Desert Control AS (DSRT.OL) is launching a fully underwritten rights issue to raise NOK 70 million (~$7.3M) in gross proceeds. The subscription period runs from July 27, 2026, to August 10, 2026, with Arctic Securities AS acting as manager and bookrunner. Subscription rights will trade on Euronext Growth Oslo under the ticker DSRTT from July 27 to August 4, 2026. The registration of the national prospectus on July 22, 2026, makes the subscription period actionable and creates a tradable instrument.
Featured in Issue #25 · Jul 27, 2026
HydrogenPro ASA HYPRO.OL (NO) · NOK 0.69 · MCAP $7M · EV $3M
Fwd P/E: 1.8x · LTM EV/Sales: 0.3x · LTM EV/GP: 1.4x
HydrogenPro ASA, a technology company, provides green hydrogen technology solutions in Norway, Europe, the United States, and the Asia Pacific. The company also offers gas separation skid products.
HydrogenPro ASA (HYPRO.OL) is conducting a subsequent offering of up to 12,762,444 new shares at a subscription price of NOK 0.50 per share. The subscription period opened 13 July 2026 and expires today, 20 July 2026, at 16:30 CEST. Unused subscription rights lapse without compensation after the deadline. This final-day deadline creates an immediate action window for rights holders to exercise by 16:30 CEST or the rights expire worthless, with the subscription price representing a discount to the current market price of NOK 0.69.
Featured in Issue #25 · Jul 27, 2026
India 8 situations
Ratnaveer Precision Engineering Ltd. RATNAVEER.BO (IN) · ₹267.04 · MCAP $201M · EV $226M
Ratnaveer Precision Engineering Ltd.: Board approved a ₹330 crore (~$34M) rights issue of 1,24,99,669 equity shares at ₹264 per share, including a premium of ₹254 per share, on 20 August.
Featured in Issue #29 · Aug 23, 2026
Quint Digital Limited 539515.BO (IN) · ₹40.64 · MCAP $20M · EV $28M
Quint Digital Limited (539515) is launching a rights issue to raise ₹ 9,087.55 Lakhs (~$9.5M).
Featured in Issue #29 · Aug 23, 2026
Jindal Worldwide Ltd JINDWORLD.NS (IN) · ₹38.93 · MCAP $410M · EV $431M
Fwd P/E: 49.7x · Fwd EV/EBITDA: 18.0x · Fwd EV/Sales: 2.0x · LTM EV/Sales: 1.8x · LTM EV/GP: 8.5x
Indian textile manufacturer headquartered in Ahmedabad, Gujarat, and one of the largest producers of denim fabric in India, also making bottom-weight, shirting and yarn-dyed fabrics and home-textile products.
Board approved raising up to ₹650 crore (~$68M) via a rights issue of equity shares. Record date, issue price, and rights entitlement ratio are yet to be determined by a newly constituted Securities Issuance Committee. Net profit for the quarter ended June 2026 rose 85.8% YoY to ₹32.4 crore (~$3.4M).
Featured in Issue #27 · Aug 9, 2026
Zodiac-JRD-MKJ Limited 512587.BO (IN) · ₹37.69 · MCAP $4M · EV $4M
LTM EV/Sales: 0.9x · LTM EV/GP: 3.3x
Zodiac-JRD-MKJ Limited engages in the manufacture, sale, and trading of gold and diamond jewelry in India. The company also offers cut and polished diamonds, precious stones, and semi-precious stones.
Zodiac-JRD-MKJ Limited proposes a rights issue of fully paid-up equity shares of face value ₹10 each. The aggregate issue amount is not exceeding ₹40,00,00,000 (~$4.2M) (Indian Rupees Forty Crores Only). The Draft Letter of Offer is, and was submitted to BSE. The record date, rights entitlement ratio, and issue price have not yet been determined in this draft document.
Featured in Issue #27 · Aug 9, 2026
Ratnaveer Precision Engineering RATNAVEER.BO (IN) · ₹206.10 · MCAP $155M · EV $180M
Fwd EV/GP: 9.2x · LTM EV/Sales: 1.5x · LTM EV/GP: 8.8x
Ratnaveer Precision Engineering Limited engages in the manufacture, export, and supply of stainless-steel products in India, Germany, Italy, Spain, France, the Netherlands, Poland, Sweden, the United Kingdom, the United States, and the United Arab Emirates.
Q1FY27 revenue from operations was ₹314.64 crore (~$33M), up 18.9% YoY. PAT rose 22% YoY to ₹18.24 crore (~$1.9M). Credit rating agency Infomerics upgraded the long-term rating to IVR A- (Stable) and short-term rating to IVR A2+.
Featured in Issue #27 · Aug 9, 2026
Genesys International Corporation Limited 506109.BO (IN) · ₹271.20 · MCAP $119M · EV $126M
Fwd P/E: 22.1x · Fwd EV/EBITDA: 21.3x · Fwd EV/Sales: 8.2x · LTM EV/Sales: 3.7x · LTM EV/GP: 8.0x
Genesys International Corporation Limited provides geographical information services in India and internationally. The company also provides 3D Digital Twin services; terrestrial, backpack, mobile, and aerial LiDAR scanners; geospatial services, such as data capture, conversion, processing, integration, maintenance, and update.
Genesys International Corporation Limited (506109.BO) is launching a rights issue for up to 25,074,226 shares to raise up to ₹1,253.71 million (~$13M). The offer price is ₹50 per share, representing a discount to the last traded price of ₹271.20. The issue opens August 14 and closes August 21, 2026. A renunciation window from August 14 to August 18 allows existing shareholders to sell entitlements on-market, creating a tradable rights value.
Featured in Issue #26 · Aug 2, 2026
Shanti Gold International Limited 544459.BO (IN) · ₹217.15 · MCAP $164M · EV $182M
Fwd P/E: 7.6x · Fwd EV/EBITDA: 6.4x · Fwd EV/Sales: 0.5x · LTM EV/Sales: 0.9x · LTM EV/GP: 7.9x
Shanti Gold International Limited engages in the design, manufacture, and wholesale of gold jewellery in India, the United States, the United Arab Emirates, Qatar, and Singapore.
Shanti Gold International Limited (544459.BO; NSE: SHANTIGOLD) has fixed August 6, 2026 as the record date for its rights issue. The company will issue up to 4,643,471 fully paid-up equity shares at ₹215 per share, for an issue size of up to ₹998.35 million assuming full subscription, with an entitlement of 19 rights shares for every 295 shares held. The issue opens August 14 and closes August 21, 2026; on-market renunciations end August 18 and off-market renunciations end August 20. Rights entitlements under ISIN INE06ZD20017 will be credited in dematerialized form through NSDL and CDSL before the issue opens.
Featured in Issue #26 · Aug 2, 2026
S I Capital & Financial Services Limited 530907.BO (IN) · ₹31.73 · MCAP $2M · EV $2M
SI Capital & Financial Services Limited, a non-banking financial company, operates as a money changer in India. The company provides gold loans, personal loans, two-wheeler loans, and used car loans, as well as business loans.
S I Capital & Financial Services Limited (530907.BO) is launching a rights issue of up to 7,575,000 equity shares at Rs. 10.00 per share to raise Rs. 757.50 Lakhs (~$784.6K). The rights entitlement ratio is 3:2 for shares held on the July 31, 2026 record date, with the subscription period running from August 10 to September 3, 2026. Entitlements are renounceable via on-market and off-market transfers until August 28, 2026. The offering at par value represents a 150% dilution for non-participating shareholders and creates a tradable entitlement market on the BSE.
Featured in Issue #25 · Jul 27, 2026
United States 8 situations
RiverNorth Opportunities Fund, Inc. RIV (US) · $11.11 · MCAP $239M
RiverNorth Opportunities Fund, Inc. (RIV) announced a transferable rights offering: one right per share held on the August 31, 2026 record date, with three rights needed to buy one new share.
Featured in Issue #28 · Aug 16, 2026
Radiopharm Theranostics Limited RADX (US) · $2.56 · MCAP $34M · EV $8M
EGM scheduled for Friday, 11 September 2026 at 11:00 am Melbourne time, held virtually via the Automic Investor Portal.
Featured in Issue #28 · Aug 16, 2026
KLX Energy Services Holdings, Inc. KLXE (US) · $1.66 · MCAP $35M
KLX Energy Services Holdings, Inc. Subscription price is $1.49 per share; each right entitles the holder to purchase 3.885 shares.
Featured in Issue #28 · Aug 16, 2026
Greenfire Resources Ltd. GFR (US) · $6.15 · MCAP $771M · EV $792M
Fwd P/E: 21.7x · Fwd EV/EBITDA: 3.0x · Fwd EV/Sales: 1.3x · LTM EV/Sales: 2.4x
Greenfire Resources Ltd., together with its subsidiaries, engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.
Record date is August 17, 2026; subscription price is C$6.74 or US$4.81 per share, a 15% discount to the five-day TSX VWAP as of July 10, 2026, before the Connacher acquisition announcement. Every 1.0908 Rights entitles the holder to subscribe for one new share; up to 114,985,163 new shares may be issued, increasing shares outstanding from ~125.4M to ~240.4M. Waterous Energy Fund-related shareholders (~72% ownership) have entered a standby commitment to exercise basic Rights and purchase any unsubscribed shares with no standby fee; their ownership could rise to about 85.4% if no other shareholders participate. Gross proceeds are approximately C$775 million (~$556M), intended primarily to repay a $575 million Bridge Facility and reduce other debt from the $1.297 billion Connacher acquisition. The subscription period expires at 4:00 p.m. Calgary time on September 15, 2026.
Featured in Issue #27 · Aug 9, 2026
UWM Holdings Corporation UWMC (US) · $1.28 · MCAP $438M
Fwd P/E: 3.8x
UWM Holdings Corporation engages in the origination, sale, and servicing residential mortgage lending in the United States. The company offers mortgage loans through wholesale channel.
UWM disclosed that it closed a $1.65B preferred capital transaction on August 5, 2026: $1.5B from Oaktree and $150M from SFS Group, with preferred stock and warrants. Separately, it announced its intention to launch a $400M rights offering for 200M Class A shares, supported by Oaktree and the Ishbia Family. The rights offering has a record date of October 2, is expected to run October 5–November 12, and carries a subscription price equal to the greater of $2.00 or 85% of the Class A stock’s VWAP over October 27–November 9. The 10-Q reports Q2 total revenue of $888M
Featured in Issue #27 · Aug 9, 2026
BlackRock MuniAssets Fund, Inc. MUA (US) · $10.10 · MCAP $389M
LTM EV/Sales: 12.8x · LTM EV/GP: 12.8x
BlackRock MuniAssets Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The fund invests in fixed income markets.
BlackRock MuniAssets Fund, Inc. (MUA) launched a transferable rights offering to existing common shareholders for cash. The subscription ratio is one common share for each three rights held, with the subscription price set at approximately 90% of net asset value per share as of the expiration date (not a fixed price). The record date is July 28, 2026, and the subscription period expires August 20, 2026. This is a transferable rights offering for a closed-end municipal bond fund trading near NAV.
Featured in Issue #26 · Aug 2, 2026
Greenfire Resources Ltd. GFR (US) · $6.34 · MCAP $795M · EV $802M
Fwd P/E: NM · Fwd EV/EBITDA: 3.8x · Fwd EV/Sales: 2.0x · LTM EV/Sales: 2.0x · LTM EV/GP: 7.1x
Greenfire Resources Ltd., together with its subsidiaries, engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.
Greenfire Resources Ltd. (GFR) filed an F-10 registration statement for a rights offering of subscription receipts to fund its proposed C$1.29 billion cash acquisition of Connacher Oil and Gas Limited. The filing says gross proceeds will be at least C$575 million and the subscription price will not exceed C$6.74 per share, representing a 15% discount to the five-day TSX VWAP as of July 10, 2026. The offering is not subject to a minimum subscription level, but it is subject to a standby purchase agreement with Waterous Energy Fund III entities that agreed, subject to conditions, to buy subscription receipts not otherwise subscribed. The filing reports a July 24 TSX closing price of C$9.14, so the C$6.74 cap is below that reference price, subject to the offering conditions.
Featured in Issue #26 · Aug 2, 2026
Eos Energy Enterprises EOSE (US) · $3.38 · MCAP $1.2B · EV $2.0B
Fwd P/E: NM · Fwd EV/EBITDA: NM · Fwd EV/Sales: 5.6x · LTM EV/Sales: 12.5x · LTM EV/GP: NM
Eos Energy Enterprises, Inc. designs, develops, manufactures, and markets energy storage solutions for utility-scale, microgrid, and commercial and industrial applications in the United States. The company offers Znyth technology battery energy storage system (BESS).
Eos Energy Enterprises (EOSE) completed its rights offering on July 21, 2026, raising approximately $37.7 million in gross proceeds. The company reports approximately $263 million of total gross proceeds for the Frontier Power USA joint venture: about $113 million from Eos through the rights offering and a prior equity offering, $100 million committed by Cerberus Capital Management, and $50 million from Hudson Bay Capital Management. Combined with an approximately 75% loan-to-value project debt ratio, the equity base is expected to support more than $1 billion of deployable project capital for a 16 GWh pipeline. The joint venture's initial capitalization was expected to close in early August 2026 subject to customary closing conditions, and projects are expected to support revenue through 2026 and 2027.
Featured in Issue #26 · Aug 2, 2026
Canada 4 situations
Greenfire Resources Ltd. GFR.TO (CA) · C$8.92 · MCAP $809M · EV $830M
Greenfire Resources Ltd. (GFR.TO) is planning a rights offering to address bridge financing used for its acquisition of Connacher Oil and Gas.
Featured in Issue #29 · Aug 23, 2026
Encanto Potash Corp. EPO.H (CA)
Encanto Potash is launching a rights offering to shareholders of record as of August 20, 2026.
Featured in Issue #28 · Aug 16, 2026
Bonterra Resources Inc. BTR.V (CA) · MCAP $15M
Shareholders receive 0.8 of a Right per common share held; each whole Right entitles subscription for one share at $0.12.
Featured in Issue #28 · Aug 16, 2026
Bonterra Resources Inc. BTR.V (CA) · C$0.14 · MCAP $21M · EV $21M
Fwd P/E: NM · Fwd EV/Sales: 1.3x · LTM EV/Sales: 5.0x · LTM EV/GP: NM
Bonterra Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposits.
Bonterra Resources Inc. (BTR.V) is launching a guaranteed rights offering to raise up to $20,418,527. Shareholders receive 0.8 of a right per common share, with each whole right allowing a subscription for one share at $0.12. The offering is fully backstopped, with Wexford Funds guaranteeing 90% and Horizon Kinetics guaranteeing 10% of unsubscribed shares. Proceeds will repay a $5M bridge loan from Wexford Capital LP, advance mineral properties, and fund flow-through indemnification obligations. Rights trade on the TSXV as BTR.RT from the August 6, 2026 record date until the August 27, 2026 subscription deadline. The subscription price represents a discount to the last traded price of $0.14.
Featured in Issue #26 · Aug 2, 2026
United Kingdom 4 situations
Shaires Holdings Ltd SHR.L (UK) · £24.50
The Retail Offer is expected to close at 4.30 pm on 18 August 2026, with results expected on or around 19 August 2026.
Featured in Issue #28 · Aug 16, 2026
Tritax Big Box REIT plc BBOX.L (UK) · £1.66 · MCAP $6.1B · EV $9.5B
Fwd P/E: 18.0x · Fwd EV/EBITDA: 21.1x · Fwd EV/Sales: 18.6x · LTM EV/Sales: 19.8x · LTM EV/GP: 21.3x
Tritax Big Box REIT plc is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK.
Tritax Big Box REIT plc is issuing New Ordinary Shares to raise gross proceeds of approximately £350 million (~$472M). A circular and notice of General Meeting were published on 6 August 2026. The General Meeting to approve the issuance is scheduled for 10:00 a.m. on 24 August 2026. Voting record time is 6:30 p.m. on 20 August 2026, with proxy forms due by 10:00 a.m. that same day.
Featured in Issue #27 · Aug 9, 2026
Malibu Life Holdings Limited MLHL.L (UK) · £15.93 · MCAP $302M
Fwd EV/Sales: 1.3x · LTM EV/Sales: 4.7x · LTM EV/GP: 4.7x
Malibu Life Holdings Limited is a close ended feeder fund launched and managed by Third Point LLC. The fund invests its entire corpus in Third Point Offshore Fund Ltd.
Malibu Life Holdings Limited (MLHL.L) is raising up to $125 million through a Placing and Open Offer to fund the growth of its Malibu Life USA direct annuity origination business, its reinsurance platform, capital adequacy, and general corporate purposes. The issuer is offering up to 8,621,748 new ordinary shares at $14.50 per share, with approximately $109 million conditionally placed or committed. Qualifying shareholders are entitled to 50 open-offer shares for every 99 existing ordinary shares held on July 31, 2026. The subscription window closes on August 18, 2026. The $14.50 issue price represents an 8.9% discount to the London Stock Exchange closing middle-market price of $15.93 on July 31, 2026.
Featured in Issue #26 · Aug 2, 2026
Maven Income and Growth VCT 4 PLC MAV4.L (UK) · GBp 50 · MCAP $112M · EV $91M
Maven Income and Growth VCT 4 PLC is a venture capital trust managed by Maven Capital Partners UK LLP, investing in a diversified portfolio of unquoted UK growth companies to provide tax-efficient returns to shareholders.
Maven Income and Growth VCT 4 PLC intends to raise up to £10 million (~$13M), including a £5 million (~$6.7M) over-allotment facility, via an offer for subscription of new ordinary shares. The offer is part of an aggregate £40 million (~$53M) raise across four affiliated Maven VCTs. Shares will be issued in the 2026/27 and 2027/28 tax years, with the offer anticipated to remain open until 5 April 2027 and 30 April 2027 respectively. A prospectus with full details is intended for publication in Autumn 2026.
Featured in Issue #25 · Jul 27, 2026
Singapore 2 situations
Global Invacom Group Limited QS9.SI (SG) · S$0.038 · MCAP $8M · EV $5M
Global Invacom Group Limited (QS9.SI) is conducting a renounceable rights issue to raise capital through the issuance of up to 140,006,113 new shares.
Featured in Issue #29 · Aug 23, 2026
A-Smart Holdings Ltd. BQC.SI (SG) · S$0.09 · MCAP $18M · EV $23M
Fwd EV/EBITDA: 7.4x · Fwd EV/Sales: 1.3x · LTM EV/Sales: 4.4x · LTM EV/GP: 8.5x
A-Smart Holdings Ltd. provides print manufacturing, smart technologies, real estate, and investment solutions in Singapore and internationally. The company operates through four segments: Print and Media, Property Development and Real Estate Investment, Smart Technologies, and Others Investments.
A-Smart Holdings received an additional S$7.84M (~$6.1M) unsecured loan from shareholder MWD, bringing the total MWD Shareholder Loan to S$13.44M (~$11M). A deed of set-off dated 27 July 2026 allows MWD and his spouse to satisfy their rights issue subscription obligations by offsetting against the loan principal. The rights issue remains a proposed renounceable non-underwritten offering, first announced on 18 June 2026.
Featured in Issue #27 · Aug 9, 2026
Australia 2 situations
Impact Minerals IPT.AX (AU) · A$0.031 · MCAP $11M · EV $9M
Impact Minerals (IPT.AX) is launching a renounceable rights issue to raise up to $4.1 million for the Lake Hope HPA project, Alluminous investment, and exploration at Broken Hill and Lake Irwin.
Featured in Issue #29 · Aug 23, 2026
Babylon Pump & Power Limited BPP.AX (AU) · A$0.08 · MCAP $7M · EV $26M
Fwd P/E: 5.8x · Fwd EV/EBITDA: 5.3x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 1.1x · LTM EV/GP: 2.0x
Babylon Pump & Power Ltd provides specialty mining services to the resources sector in Australia. The company offers high-pressure pumping, dewatering and project water management with supplying and maintaining equipment in remote and offshore locations.
Babylon Pump & Power Limited (BPP.AX) is conducting a rights issue to recapitalize as a pure-play water management rental business and fund rental fleet investment. Blue Hire founder Byron Ynema will convert a significant portion of deferred cash consideration into shares via sub-underwriting. The company has not disclosed the offer size, issue price, or the value of the deferred consideration being converted. This recapitalization follows the sale of Ausblast and the announced sale of the maintenance business. The conversion of deferred cash into equity by the Blue Hire founder serves as a signal of insider confidence.
Featured in Issue #26 · Aug 2, 2026
Other markets 2 situations
EcoPro BM MCAP ₩10.47T KRW
EcoPro BM produces cathode materials for batteries. Parent EcoPro is a Korean holding company with lithium, environmental, and precursor businesses.
EcoPro BM (247540.KQ) is conducting a 1.2 trillion won ($837.6 million) cash rights offering to fund a BNSI smelter stake in Indonesia, a Hungary plant investment, and mid-nickel production-line retrofitting. Its largest shareholder, EcoPro, agreed to oversubscribe up to 120% of its allocation, with a maximum subscription amount of approximately 520 billion won ($363 million). On the August 4, 2026 earnings call, EcoPro said actual capital deployment would likely be below that ceiling and that it was not considering an additional holding-company rights offering. The key monitor is the eventual subscription price and take-up.
Featured in Issue #27 · Aug 9, 2026
Logismon Co., Ltd. is a Korean small-cap company; business specifics not detailed in filing.
Logis Mon, Inc. (223220; KONEX) is conducting a small general public offering—not a rights offering—of 2,851,459 common shares at a preliminary price of KRW 154 per share to raise KRW 439,124,686 (~$305.7K) for operating funds. The public subscription is scheduled for August 4, 2026, payment August 5, and expected listing August 19. The KRW 154 amount is an indicative 30%-discount price and the final issue price is to be confirmed. The cited filing does not support a pre-offer 30% shareholder stake.
Featured in Issue #26 · Aug 2, 2026
Brazil 2 situations
Banco Bradesco S.A. BBD (BR) · $3.61 · MCAP $35.9B
Fwd P/E: 6.3x
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services in Brazil and internationally. The company operates in two segments, Banking and Insurance.
Banco Bradesco S.A. (BBD) is launching a private-subscription capital increase of up to R$10 billion comprising 302.9 million new common shares and 302.0 million new preferred shares. Issue prices are R$15.43 for common shares and R$17.64 for preferred shares. Shareholders of record on August 4, 2026 may exercise preemptive rights from August 6 through September 4 at a 5.721967934% entitlement ratio; rights trade on B3 from August 6 through September 1. The R$8 billion minimum subscription threshold allows partial approval and cancellation of unsubscribed shares; any detailed allocation of leftovers, including possible auctions, was to be disclosed later.
Featured in Issue #26 · Aug 2, 2026
Bradesco BBDC-N1.SA (BR)
Bradesco (Banco Bradesco S.A.) is one of Brazil's largest financial conglomerates, providing commercial and investment banking, credit cards, insurance, pension plans and asset management services.
Bradesco (BBDC-N1.SA) is launching a rights offering with a defined subscription-rights trading window. Shares trade ex-subscription starting August 5, 2026. Subscription rights trade on B3 from August 6 through September 1, 2026. The cited B3 notice lists subscription receipts as starting September 16, 2025, which predates the other 2026 timetable dates.
Featured in Issue #26 · Aug 2, 2026
Italy 2 situations
Mondo TV S.p.A. MTV.MI (IT) · €0.04 · MCAP $4M · EV $8M
Fwd EV/EBITDA: 1.5x · Fwd EV/Sales: 0.8x · LTM EV/Sales: 1.7x · LTM EV/GP: 2.8x
Mondo TV S.p.A. produces and distributes animated television series and full-length feature films in Italy, Europe, Asia, the Americas, Africa, and Pacific Rhymes.
Mondo TV S.p.A. (MTV.MI) has received shareholder approval to raise up to €6 million (~$6.9M) through a rights issue to existing shareholders. The Board has 12 months from the July 30, 2026, resolution date to execute the capital increase in one or more tranches. Proceeds will fund industrial and commercial relaunch efforts and support commitments from a completed Negotiated Settlement Procedure. Final terms, including the subscription ratio and issue price, remain undisclosed. The rights issue serves as a post-crisis recapitalization following a Negotiated Settlement Procedure, with a near-term catalyst pending the Board's disclosure of final terms.
Featured in Issue #26 · Aug 2, 2026
Unipol Assicurazioni S.p.A. UNI.MI (IT) · €26.87 · MCAP $22.1B
Fwd P/E: 12.8x
Unipol Assicurazioni S.p.A., together with its subsidiaries, provides insurance products and services primarily in Italy. The company operates through Non-Life Insurance Business, Life Insurance Business, Banking Associates Business, and Other Business segments.
Unipol Assicurazioni S.p.A. (UNI.MI) received shareholder authorization to increase share capital by up to €2.5B (~$2.9B) through a rights offering of ordinary shares. The board may exercise this authorization in one or more tranches through December 31, 2027. Effectiveness of the resolution is subject to IVASS approval under Legislative Decree No. 209/2005.
Featured in Issue #26 · Aug 2, 2026
Hong Kong 2 situations
Zhejiang United Investment Holdings Group Limited 8366.HK (HK) · HK$0.02 · MCAP $4M
LTM EV/GP: 2.2x
Zhejiang United Investment Holdings Group Limited, an investment holding company, engages in the undertaking slope works, foundation works, and other general building works in Hong Kong. Zhejiang United Investment Holdings Group Limited is a subsidiary of Emperor Securities Limited.
At least 60% of net proceeds, approximately HK$26.00 million (~$3.3M), are earmarked for debt repayment. The non-fully underwritten structure means the final issue size depends on take-up by minority shareholders beyond the 50.22% controlling holder.
Featured in Issue #26 · Aug 2, 2026
V & V Technology Holdings Ltd. 08113.HK (HK)
V & V Technology Holdings Ltd. is a Hong Kong-listed company operating in the technology sector.
Unimicro Limited's stake in V & V Technology Holdings Ltd. (08113.HK) diluted from 88.67% to 64.62% following a rights issue. The decrease to 126,725,570 shares was recorded on 20/07/2026 per an HKEX DI filing. Unimicro Limited maintains control through S.A.S. Dragon Holdings Limited, which owns 54.73% of S.A.S. Investment Company Limited, the direct holder. The rights issue timetable and subscription mechanics serve as the actionable hook for minority shareholders evaluating participation or renunciation.
Featured in Issue #25 · Jul 27, 2026
France 1 situation
BNP Paribas BNP.PA (FR) · €112.44 · MCAP $142.5B
Fwd P/E: 9.1x
BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
BNP Paribas launched a 4.3 billion euro ($4.7 billion) rights offering. Proceeds will repay a 5.1 billion euro ($5.6 billion) state recapitalization received during the financial crisis. Cleary Gottlieb Steen & Hamilton is acting as deal counsel to BNP Paribas on the offering.
Featured in Issue #27 · Aug 9, 2026
United Kingdom 1 situation
Vast Resources plc VAST.L (GB) · £0.001 · MCAP $8M · EV $19M
Fwd P/E: -0.1x · Fwd EV/EBITDA: -9.4x · Fwd EV/Sales: 6.1x · LTM EV/Sales: 68.7x · LTM EV/GP: -13.2x
Vast Resources plc engages in the exploration and development of mineral projects in Southern Africa, Europe, and Central Asia. The company explores for copper, zinc, silver, gold, and diamond deposits; as well as non-ferrous concentrate and other metals.
The Issue Price of 6.25p per New Ordinary Share is equivalent to 0.25p per Existing Ordinary Share following a Share Consolidation. The Retail Offer is conditional on shareholder approval at the General Meeting on 18 August 2026 and completion of a concurrent Placing. Admission of the New Ordinary Shares to AIM is expected on 19 August 2026.
Featured in Issue #27 · Aug 9, 2026
Germany 1 situation
Bio-Gate AG BG1.DE (DE)
A German developer of antimicrobial and antiviral technologies, including a silver-based additive (MicroSilver BG) and a plasma coating for medical implants (HyProtect), serving wound-care, surgical-implant, dental and veterinary markets.
Bio-Gate AG (BG1.DE) announced a cash capital increase with pre-emption rights excluded; the terms were announced on July 20, 2026 after AGM approval on June 30. Karl Richter, a supervisory-board member, subscribed for shares at EUR 2.80 in an off-venue transaction dated July 22, 2026, disclosed on July 30. This targeted placement can dilute non-participating holders.
Featured in Issue #26 · Aug 2, 2026
Austria 1 situation
Lenzing AG LNZ.VI (AT) · €23.45 · EV $3.0B
Lenzing AG produces specialty cellulose fibers for the textile and nonwoven industries, with manufacturing sites in Europe and Asia.
Lenzing AG (LNZ.VI) is seeking shareholder approval for a discounted rights offering of up to EUR 300 million (~$346M) to fund a comprehensive refinancing package and strategic transformation. International banks have undertaken, subject to customary market terms and conditions, to subscribe for shares not taken up by existing shareholders. The syndicate formed by B&C Group and Suzano, which together indirectly holds approximately 52.25%, has irrevocably committed to participate up to EUR 156.7 million (~$181M); Oberbank AG is a separate holder of approximately 3.86% and has committed up to EUR 11.6 million (~$13M). The company expects non-cash impairment losses of up to EUR 150 million and restructuring provisions of up to EUR 40 million in 2026, with an extraordinary general meeting scheduled on or around August 25, 2026.
Featured in Issue #26 · Aug 2, 2026
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