Increase or decrease in the quantity of shares and votes within the Sleep Cycle platform
Sleep Cycle AB (publ) Announces Increase in Shares and Votes Following Warrant Exercise
Sleep Cycle, the leading sleep tracker application, has announced an increase in the number of shares and votes in the company, following the exercise of warrants in the 2019:2022 warrant program.
As of August 31, 2022, the total number of shares and votes in Sleep Cycle AB (publ) stands at 20,277,563, an increase of 848,992 due to the exercise of warrants. This information was submitted for publication at 9:00 CEST on August 31, 2022, in compliance with the Swedish Financial Instruments Trading Act.
The share capital of Sleep Cycle AB (publ) has also seen a corresponding increase, rising from SEK 539,683 to approximately SEK 563,266.
Sleep Cycle's mission remains unchanged – to improve global health by empowering people to sleep better. The company, which is regularly featured in notable media outlets, has helped millions of people understand their sleeping habits and improve their sleep since its launch in 2009.
The head office of Sleep Cycle is located in Gothenburg, Sweden. The company is listed on Nasdaq Stockholm under the ticker SLEEP. Sleep Cycle is one of the world's most comprehensive sources for sleep statistics, frequently contributing to sleep research by collaborating with renowned universities and research facilities worldwide.
For further information, please contact Per Andersson, CFO and Head of Investor Relations, at per.andersson@our website or 46 70 939 5327, or Malin Abrahamsson, Head of PR, at press@our website or 46 73 972 6424.
This information was disclosed in Sleep Cycle AB's interim report for the second quarter of 2022, where it was stated that after the exercise of warrants from the 2019/2022 warrant program, the total number of shares and votes increased to 10,195,532 by August 31, 2022. This reflects the dilutive effect of the warrants exercised in that period. No other search results contradicted or supplemented this data related to Sleep Cycle AB's shares and votes.
Sleep Cycle continues to be one of the most widely used solutions worldwide to improve sleep health, with millions of active users and over 400 million nights analyzed in more than 150 countries. The company's commitment to improving sleep health and its innovative approach to sleep tracking make it a key player in the sleep technology industry.
After the exercise of warrants from the 2019:2022 warrant program, the sleep tracker app, Sleep Cycle, announced an increase in shares and votes in the company, with the total number now standing at 20,277,563. This increase can also be observed in the company's financial statements, where the share capital, formerly SEK 539,683, is now approximately SEK 563,266. This raises the question if technology companies such as Sleep Cycle, with a focus on improving sleep health, will play a significant role in the expanding business of digital health and finance, given their impact on global wellbeing.
