Sivers Semiconductors Announces Directed Share Issue

Sivers Semiconductors Announces $8.3 Million Directed Share Issue to Fuel Growth in SATCOM and AI Data Centers

NEW YORK, Sept. 18, 2025 – Sivers Semiconductors AB (SIVE.ST), a key player in advanced wireless and laser solutions, has announced its intention to raise approximately SEK 90 million (approximately $8.3 million USD) through a directed issue of ordinary shares. The offering, targeted towards Swedish and international institutional investors, will be conducted via an accelerated book-building procedure managed by Pareto Securities AB. Members of Sivers Semiconductors’ Board of Directors and Management, including CEO Vickram Vathulya, have expressed interest in participating.

Strategic Imperative: Capitalizing on Market Momentum

Sivers Semiconductors is strategically focusing on high-growth markets, particularly SATCOM (Satellite Communications) and AI data centers. The company highlights solid execution, citing strategic partnerships, expanded product portfolios, and a growing pipeline of customer engagements. This capital raise aims to solidify their competitive position and accelerate revenue growth.

Funding Allocation: R&D, Strategic Investments, and Financial Stability

The net proceeds from the Directed Share Issue are earmarked for three key strategic areas:

1. R&D and Go-to-Market Acceleration (60%): A substantial portion will be invested in accelerating the release of new products and commercializing existing pipeline opportunities. This includes expanding research and development efforts and bolstering go-to-market strategies in key target markets.
2. Strategic Investments (20%): These funds will be deployed to enhance product capabilities and expand the company’s talent base. Sivers Semiconductors is aiming to strengthen its competitive edge and improve customer value through targeted acquisitions and strategic hires, particularly in areas like advanced photonics and RF beamforming technologies.
3. Capital Structure Optimization (20%): The remaining proceeds will be used to strengthen the balance sheet, supporting long-term growth and enhancing financial flexibility. This buffer will provide Sivers Semiconductors with the agility to navigate market fluctuations and pursue future strategic opportunities.

Terms of the Directed Share Issue

The directed share issue will deviate from standard shareholder preferential rights, authorized by the Annual General Meeting on May 28, 2025. Pareto Securities AB will manage the accelerated book-building process, which is expected to complete before the Nasdaq Stockholm market opens on September 19, 2025. The final number of shares issued and allocation will be determined by Sivers Semiconductors in consultation with Pareto Securities. Sivers anticipates announcing the results via press release following the completion of the book-building process. The company retains the right to shorten, extend, or cancel the book-building at its discretion.

Justification for Deviation from Pre-emptive Rights

Sivers Semiconductors defends the deviation from shareholders’ pre-emptive rights based on the need to diversify and strengthen its shareholder base with institutional investors to improve share liquidity, the longer implementation timeline and higher risk associated with a rights issue, and the lower cost and complexity of a directed share issue. The Board argues that the book-building process will ensure the subscription price reflects current market conditions.

Lock-up Agreements

Upon completion of the Directed Share Issue, the company will adhere to a 180-day lock-up period on future share issuance, subject to standard exceptions. Key shareholders, including certain members of the Board of Directors and the CEO and CFO, have agreed to a 90-day lock-up on their existing shares.

Advisors

Pareto Securities AB serves as Manager and Bookrunner, with Setterwalls Advokatbyrå AB acting as legal advisor.

Strategic Outlook: Positioning for Future Growth

This capital injection comes at a pivotal time for Sivers Semiconductors. The demand for high-performance connectivity solutions in AI data centers and the burgeoning SATCOM market is creating significant opportunities. By strategically focusing on R&D and targeted acquisitions, Sivers Semiconductors aims to solidify its market position and capitalize on these trends. Analysts will be closely watching Sivers’ ability to effectively deploy this capital and translate it into sustained revenue growth and profitability.

About Sivers Semiconductors

Sivers Semiconductors AB (SIVE.ST) is a developer of energy-efficient photonics and wireless solutions targeting key markets such as AI datacenters, SATCOM, Defense, and Telecom. The company’s high-precision laser and RF beamformer technologies aim to address performance challenges while enabling a greener footprint.