TM & Partners has advised FUUD in connection with a rights issue and a directed convertible issue

TM & Partners has advised FUUD AB (publ) in connection with a rights issue of units, consisting of shares and warrants, and a directed convertible issue. Through the rights issue, the company initially receives approximately SEK 63.6 million before deduction of issue costs, and through the directed convertible issue, the company receives approximately SEK 23 million.

With the vision of becoming a leading Nordic company in the FMCG market, FUUD brings together a number of Swedish brands within Functional Foods under one roof. Today, FUUD is a group of companies active in a number of different product categories with a total of eleven brands, including Beijing8, IQ Fuel and Homie. FUUD’s shares are admitted to trading on Nasdaq First North Growth Market.

TM & Partners’ team consisted mainly of Johan Wigh (Partner), Philip Bihl (Associate), Jacob Elovsson Hultin (Associate) and Emily Frempomaa (Associate).