PANews reported on September 9th that Swedish listed company H100 Group AB announced the completion of a private placement, issuing approximately 1.79 million new shares to the TOBAM Bitcoin Alpha Fund at a price of SEK 5.58 per share, raising approximately SEK 10 million (nearly US$1.07 million). The company stated that the price of the additional offering was determined through consultation with investors, and that the proceeds will be used to enhance capital flexibility. Existing shareholders were not given pre-emptive rights in the additional offering.