Cherry SE Successfully Completes Rights Issue

Cherry SE, a company based in Munich, has announced the successful completion of its rights issue. A total of 9,720,000 new no-par value bearer shares were placed at a subscription price of EUR 1.04 per New Share. This capital increase was fully subscribed, leading to a substantial boost in the company's share capital from EUR 9,720,000 to EUR 15,795,000.

The process has garnered gross proceeds of approximately EUR 10.1 million. The capital increase is pending registration in the commercial register, which the company plans to apply for in the near future. Cherry SE's rights issue marks a significant financial maneuver for the firm.