Lifeline SPAC I IPO

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Subscription period for the public offering was October 5–12, 2021.

Information on the IPO

Lifeline SPAC I raised gross proceeds of EUR 100 million by offering a maximum of 10,000,000 new series A shares in the company. The offering of Lifeline SPAC I Plc was oversubscribed and the listing was completed as planned. Trading in the series A shares commenced on 15 October 2021.
The offering consisted of a public offering to private individuals and entities in Finland and an institutional offering to institutional investors in Finland and, in accordance with applicable laws, internationally outside the United States.
Lifeline SPAC I Plc offered series A shares in the offering for a subscription price of EUR 10.00 per share.
The total number of shareholders increased to over 2,300 shareholders after the Offering.

Cornerstone investors

The subscriptions from certain cornerstone investors, who had given their subscription commitments prior to the listing for an aggregate amount of EUR 68.9 million, formed a significant part of the Institutional Offering. The cornerstone investors comprised: Ahlström Invest B.V., G.W. Sohlberg Corporation, Varma Mutual Pension Insurance Company, Mandatum Asset Management Ltd EUR, certain funds managed by Sp-Fund Management Company Ltd, Rettig Group Ltd, Visio Varainhoito Oy and certain funds managed by WIP Asset Management Ltd. Pursuant to their terms, the subscription commitments were accepted in full.

Important dates

Subscription period for the offering commenced	October 5, 2021 at 10:00 a.m. (Finnish time)
Subscription period of the public offering ended	October 12, 2021 2021 at 4:00 p.m. (Finnish time)
Announcement of the final results of the offering	October 14, 2021
Offer shares subscribed for in the public offering registered in the investors’ book-entry accounts	October 15, 2021
Trading in the company’s series A shares commenced on the SPAC segment of the Nasdaq Helsinki regulated market	October 15, 2021