Aspiro AB (publ) has published a rights issue prospectus for approximately SEK 65.8 million before transactions costs. The rights issue is fully subscribed by, among others, the principal owner, Streaming Media AS, a company within the Schibsted group. The rights issue is intended to strengthen the company’s financial position and implement the company’s strategies.
Aspiro is a media technology company which is playing a prominent role in redefining music consumption. The company offers WiMP, a premium music streaming service for consumers with HiFi quality audio and the first and only multimedia service with integrated editorial, magazine and video content. In addition, Aspiro is also a content supplier to the media industry through the syndicated platform, RADR, and helps its partners to attract and retain visitors on their websites. For more information, visit www.aspiro.com.