Decisions passed during Sleep Cycle's Exceptional Shareholders Meeting held on November 23, 2023
In a rockin' meeting on the 23rd of November, 2023, Sleep Cycle AB (publ) kicked off a groundbreaking incentive package for their CEO. The Board of Directors had a brilliant plan to dish out warrants that would give ole' CEO a shot at claiming fresh shares in the company.
The grand total of these warrants? A whopping 100,000, each with the power to snag 100,000 shiny new shares of Sleep Cycle goodness. Who gets these fabulous warrants, you ask? None other than the CEO, my friend.
Now here's where the fun begins. The CEO can exercise these sweet deals from December 1st, 2026, to January 2nd, 2027. The catch? Each share will set them back 160% more than the average price of a share over the last ten trading days, mentored by Nasdaq Stockholm's official price list. Call it a premium for having superpowers, I guess!
Worried about dilution? Fear not, buddy! If all the warrants are exercised, the share count will balloon by a mere 100,000, causing a max dilution of around 0.5% on Sleep Cycle's currently owned shares. So essentially, the pie grows bigger, but everyone gets a bit smaller slice.
Interested in more juicy details about this banger of a plan? Head on over to our website or hit up CEO Erik Jivmark or CFO Per Andersson, both of whom are easy to reach. Just type www.our website into your browser, or drop Erik an email at erik.jivmark@our website or give Per a shout at +46 70 939 5327.
Now, if you're curious about Sleep Cycle in a broader sense, here's the scoop. With millions of active daily users and over two billion nights analyzed across 150 countries, Sleep Cycle is the undisputed king of sleep tracking apps. Their mission is simple yet powerful: make the world sleep better. Since its humble beginning in 2009, Sleep Cycle has helped millions of sleep-starved individuals understand their sleep patterns and clock more Zzz's. Its fabulous mobile application aids in easier falling asleep, analyzes sleep during the night, and wakes users during a light sleep phase. It even offers tips on how to further enhance sleep quality. Talk about having your back covered, eh?
But that's not all! Sleep Cycle is pretty much the wonder-data depository for sleep stats on a global scale. It contributes to sleep research and reporting worldwide, making it one of the best sources for sleepless nights (literally). Once listed on Nasdaq Stockholm under the ticker SLEEP, Sleep Cycle's headquarters are proudly located in sunny Gothenburg, Sweden. So, next time you're tossing and turning, think of Sleep Cycle as your personal sleep fairy godmother!
In the business landscape, this generous incentive package for Sleep Cycle AB's CEO includes warrants, each capable of acquiring 100,000 shares, a sum worth millions, which falls under the realm of finance.
For those intrigued about the company's financial status, Sleep Cycle AB, with its headquarters in Gothenburg, Sweden, is listed on Nasdaq Stockholm (ticker: SLEEP), demonstrating its solid financial standing and commitment to its shareholders.
