Sivers Semiconductors: A $8.2 Million Production Deal and 77% Pipeline Surge Defy Boardroom Turmoil
Published on 06/18/2026 at 04:51 | Redaktion boerse-global.de
A production contract worth $8.2 million with British satellite communications firm ALL.SPACE marks Sivers Semiconductors’ first meaningful step toward series manufacturing. The deal covers Ka-band beamforming chips and calls for delivery by 2027. It comes at a moment when the company is juggling an overhauled board, a withdrawn Nasdaq listing plan, and a formal insider?trading investigation — yet the stock has more than doubled in a month.
The order backlog, meanwhile, has ballooned 77% since the start of the year to $799 million. Chief executive Vickram Vathulya blames a temporary drop in first?quarter revenue — down 22% to 61.9 million Swedish kronor — on the U.S. government shutdown in late 2025 and delayed defense budgets. The underlying demand, he insists, remains intact.
Shareholders gathered for the annual meeting on June 15 faced a packed agenda. Three directors resigned shortly before the vote: founders Erik Fallström and Keith Halsey, along with vice chairman Tomas Duffy. Their replacements, Joakim Nideborn and Helena Svancar, bring specific skills. Nideborn takes the vice chairman role and investor relations — a critical post given the still?alive ambition of a U.S. listing. Svancar contributes two decades of M&A experience. Bami Bastani stays on as chairman.
A separate proposal to issue up to 53.8 million new shares for a dual listing on the Nasdaq was pulled at the last minute. Had it passed, existing holders would have faced dilution of roughly 15%. Instead, the board received a general authorization to issue the same number of shares in exchange for cash, contributions, or the offset of claims. The Nasdaq plan is postponed, not abandoned.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
The meeting also ratified a secured convertible bond of roughly $327,000 from Bootstrap Europe 4.0, carrying an annual interest rate of 10.85% and maturing on December 31, 2029. To align management’s interests with those of investors, future board compensation will be tied to equity ownership.
Legal clouds have gathered on multiple fronts. Sweden’s Economic Crime Authority is investigating possible insider trading surrounding the planned Nasdaq listing: details of the dual?listing plan appeared online before the official announcement in April, and the stock posted suspicious gains in the 48 hours prior. Two U.S. law firms are reviewing potential securities law violations but have not yet filed suits. Separately, short seller Ningi Research published a report in early June challenging roughly 31% of the company’s reported 2025 revenue, alleging that research grants were booked as commercial income. Sivers has not publicly responded.
The financial accounts have also been revised. After switching to U.S. PCAOB accounting standards, the net loss for 2025 was restated to 222.6 million kronor, up from the originally reported 186.5 million kronor. Despite all this turbulence, the stock closed at 9.00 euros — a 102% gain over the past month and nearly 79% above its 50?day moving average. Its 52?week low of 0.27 euros underscores how far the rally has carried.
Sivers Semiconductors at a turning point? This analysis reveals what investors need to know now.
The next major test arrives on August 6, when Sivers reports its second?quarter results. Investors will be watching whether the record pipeline and the ALL.SPACE contract can translate into genuine revenue growth, or whether the governance and accounting headwinds will finally catch up with the share price.
Ad
Sivers Semiconductors Stock: New Analysis - 18 June
Fresh Sivers Semiconductors information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
