The oven manufacturer Eatgood’s board has decided to carry out a rights issue of SEK 5.4 million before issue costs of SEK 0.4 million. The board is thereby exercising the authorization from the extraordinary general meeting on April 2 to issue shares, according to a press release.The terms are 1:1, meaning that one existing share gives the right to subscribe for one new share at a subscription price of SEK 0.20 per share. There is also an over-allotment option which, if fully exercised, can bring the company an additional just over SEK 1 million. Eatgood has entered into subscription commitments amounting to SEK 1.3 million, corresponding to 24 percent of the rights issue.The last day of trading in the share including subscription rights is April 21 and the share trades excluding subscription rights on April 22. The subscription period runs from April 27 to May 13 and trading in subscription rights takes place from April 27 to May 8. The reason for the proposed new issue is to secure financing for Eatgood, as the company has not yet reached positive cash flow. To ensure stable sales growth, additional capital is required. Eatgood sees great opportunities for increased sales, above all in the Swedish and Nordic markets, while the company assesses that the international market is gradually improving as investment willingness within Horeca (hotel, restaurant and catering) recovers.