- Public offering of 302,500 new shares
- Cash capital increase with subscription rights in a ratio of six to one
- Issue price of 12.50 euros per share
- Financing further growth
Munich, June 18, 2021: The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080) plans to increase its capital through a cash capital increase with subscription rights, totaling up to 3.8 million euros, by issuing up to 302,500 new shares at a subscription price of 12.50 euros per share, to finance the company’s further growth. With the approval of the Supervisory Board, the Management Board has decided to increase the share capital, utilizing a portion of the existing authorized capital, in a ratio of six to one, from the current 1,815,000 euros to 2,117,500 euros. The new shares will be offered by Small & Mid Cap Investmentbank AG, Munich, from the announcement of the subscription offer, expected to take place between July 15, 2021, and July 29, 2021, at a subscription price of 12.50 euros per share through an indirect subscription right.
Rubean will invest the new funds in expanding its sales and further developing its solution called PhonePOS, which is an Android-based payment acceptance solution. PhonePOS enables small merchants and business owners to receive payments using an Android-powered smartphone without the need for additional devices. Rubean has already started establishing sales locations in the Middle East, London, and New York. In addition, the number of software developers will be increased to meet the growing development tasks.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector for 20 years. The company is now growing with the development of innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution called PhonePOS, developed in collaboration with CCV, and the patented RubeanTag technology, which connects not only Android smartphones but also iPhones to contactless payment and customer loyalty programs. Rubean is listed on the m:access of the Munich Stock Exchange, as well as on the Frankfurt, Berlin, and Düsseldorf stock exchanges, and on Tradegate and Quotrix.
