The Board of Directors of
The new share issue has been subscribed for by two long-term Yaytrade investors,
"With the industry experience Stefan and Henrik possess in logistics and premium fashion, Yaytrade gains valuable expertise by making this issue. This further strengthens our case and I confidently look forward to our upcoming collaboration", says Magnus Agervald, Chairman of the Board of
"Henrik and Stefan are very good entrepreneurs and investors. With Henrik's 25+ years of international industry experience in premium fashion in Scandinavia and the Baltics, we see good opportunities to continue to develop our offering to premium fashion companies both nationally and internationally. Stefan, meanwhile, has extensive experience and knowledge in logistics and will therefore be able to contribute advice valuable to Yaytrade's improvement and expansion. I envision Henrik and Stefan as important strategic sounding boards for Yaytrade, supporting our work towards becoming an international circular fashion tech group, where part of the work obviously lies in continuing to develop our platform and logistics leading to our transformation into the leading player in digital pop-up stores and sales of overstocks, samples, and returns.", says
"Yaytrade is a fashion tech company that is simply right for the times. I see a great value in the tech platform they have developed and what they offer the market. With my experience in company building and logistics, I am confident that we will be able to create an attractive and scalable company group with an attractive overall concept which solves many of the challenges that exist in the market today", says
"I have been following Yaytrade and David for a long time and see what a big problem they are solving in the fashion industry with the circular thinking they possess. Yaytrade operates in a multi-billion dollar market and has all the prerequisites to become the market leader in sales of overstocks, sample, returns, and premium second-hand fashion. The company is already well on its way to becoming the market leader in its niche in
Through the new share issue the Company will receive approximately
The new share issue entails a dilution of approximately 7 percent of the number of shares and votes in Yaytrade. The number of shares and votes in Yaytrade will thus increase by 1,333,333 - from 19,308,272 to 20,641,605. The share capital in the Company will increase by approximately
For further information, please contact:
E-mail: david.knape@yaytrade.com
Phone: +46 70 999 90 09
This information is information that
About Yaytrade
At Yaytrade, individuals can shop for premium fashion and lifestyle products directly from brands selling off their outgoing stock, samples, and returns via "digital pop-up shops". The company also sells premium second-hand from private individuals and influencers. Community users can create their own e-store and populate it with items from collected via Yaytrade pick-up service as well as post self-created ads. Yaytrade appeals to a chic urban demographic with a striking design which took home a silver medal Swedish Design Prize in 2020 in the e-commerce category. The company's market platform is a proprietary high-tech e-commerce platform where premium fashion meets the circular economy, contributing to more sustainable consumer behaviour which further drives environmentally sound fashion consumption.
The company's Certified Adviser is
For more information, see Yaytrade's website www.yaytrade.com
https://news.cision.com/yaytrade/r/yaytrade-carries-out-a-directed-issue-of-5-million-sek-to-strategic-investors,c3356980
https://mb.cision.com/Main/15882/3356980/1424920.pdf
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