Sometimes you have to buy insurance, even if it feels expensive. That’s how Beammwave’s CEO Stefan Svedberg describes the company’s recent rights issue — a journey that started in caution and ended in surprising success.
The Lund-based company, which develops antenna chips for mobile phones, knew it faced tough odds when raising money this summer. Early subscription commitments were tiny, and the climate for fundraising was chilly. To protect themselves, they signed costly guarantees: SEK 7.7 million just to ensure the issue would go through.
Then the twist came. When the rights issue launched, investor appetite turned out to be much stronger than expected. The SEK 65 million offering was oversubscribed by 160 percent. The guarantees weren’t even needed, though the guarantors still wanted in. That led to a second round of SEK 20 million, bringing the total to SEK 85 million.
For Beammwave, the money means one thing: the chance to move from prototype to mass production. The company has a chip ready, but scaling it into millions of units, the kind needed if they are to supply giants like Apple or Samsung, is another challenge altogether. Mass production is still years away, not before 2026, but the path is now clearer.
The issue also reshaped Beammwave’s ownership. Institutional players like Nowo Fund Management and Concejo have taken larger roles, and the shareholder base has swelled from 1,300 to 4,500. That, says Svedberg, gives the company more stability and a healthier, more liquid share.
The stock has already recovered from its summer low of SEK 7.5 to above SEK 9. For Svedberg, the message is simple: even if the guarantees were costly, securing the funding was worth it. The real test lies ahead — turning a promising prototype into a product that can transform an industry.
