DonkeyRepublic Holding carries out a private placement

DonkeyRepublic Holding carries out a private placement

Donkey Republic Announces DKK 75.0M Private Placement to Fund Expansion and Uplist to Nasdaq Main Market

Donkey Republic Holding A/S (Copenhagen: DONKEY) has announced a private placement of new shares to raise DKK 75.0 million (USD ~10.5M), significantly exceeding its initial target of DKK 15–30M due to strong investor demand. The placement, priced at DKK 6.00 per share—nearly aligned with the 30-day average trading price of DKK 6.02—will see the issuance of 12.5 million new shares. The transaction includes participation from four new institutional investors (e.g., Nordic Compound Invest, Avium) and four existing shareholders (e.g., BankInvest, Sagitta Investments), alongside management contributions totaling DKK 0.5M.

Funding Strategic Growth in Germany The capital will primarily support the deployment of over 8,000 bikes under two newly secured contracts in Düsseldorf and the Ruhr region, Germany. Proceeds will cover equity portions of the CAPEX, with remaining costs financed by commercial bank debt. The company also aims to optimize its capital structure, reduce reliance on state-backed debt, and strengthen liquidity ahead of its planned uplisting to Nasdaq Copenhagen Main Market in 2026. CEO Thor Möger Pedersen emphasized that the funding aligns with the company's "Ride and do well" strategy, which combines cost efficiencies and scalable operations to drive profitability.

Board and Governance Updates The Board of Directors has proposed Jakob Have, Director of Nordic Compound Invest, for election at the upcoming Annual General Meeting. Have's expertise in institutional investing is expected to bolster governance as the company transitions to a larger exchange. The private placement, approved under Article 4.3 of the company's Articles of Association, requires shareholder approval at an Extraordinary General Meeting on February 19, 2026.

Market Implications The over-subscribed placement underscores investor confidence in Donkey Republic's expansion into Germany, a key market for micro-mobility. With the Ruhr and Düsseldorf contracts now secured, the company is positioned to leverage its technology-driven model to scale operations while maintaining financial discipline. The uplisting to Nasdaq Main Market, if approved, could enhance liquidity and attract a broader institutional investor base.

For further details, refer to the company's announcement dated February 4, 2026.

(https://news.cision.com/donkey-republic/r/donkey-republic-holding-a-s-intends-to-carry-out-an-over-subscribed-private-placement-of-dkk-75-0m,c4302221): Donkey Republic Holding A/S, Company Announcement No. 03 – 2026, February 4, 2026.