SIVE.ST is trading 5.8% down at $57.20 after Sivers Semiconductors announced a SEK 700 million directed share issue at SEK 57 per share.

  • The placement was multiple times oversubscribed, but the 9.7% discount to the June 30 closing price and new share dilution likely pressured the stock.
  • Proceeds are earmarked for expanding manufacturing capacity and R&D in AI datacenters and Automotive LiDAR.