Sivers Semiconductors Raises 125M SEK from Institutions to Fuel Nasdaq Listing and AI Data Center Push

Sivers Semiconductors is accelerating its push onto Wall Street with a fresh equity injection from heavyweight institutional backers. The Swedish photonics and wireless specialist secured shareholder approval at an extraordinary general meeting on Monday to issue new stock, locking in gross proceeds of around 125 million Swedish kronor to fund its dual listing ambitions on the Nasdaq.

The placement covers 8.62 million new ordinary shares, priced at 14.50 kronor each, in a transaction conducted without pre-emptive rights for existing holders. The tap saw strong demand from a mix of Scandinavian and international asset managers, including DNB, Storebrand and Hudson Bay Capital Management. The capital increase will lift the company’s total outstanding shares to roughly 320 million, diluting current shareholders by about 2.5 percent.

Beyond the immediate funding, the company has imposed trading restrictions to signal management’s alignment with new investors. Chief executive Vickram Vathulya and chief financial officer Heine Thorsgaard have entered into a 90-day lock-up on their personal holdings, while Sivers itself has committed to a six-month moratorium on any further equity issuance. The moves are designed to steady the stock as the group readies for its US entry.

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Sivers is using the proceeds to ramp up marketing of next-generation optical transceivers and radio frequency solutions, both of which are seeing surging demand from hyperscale AI data centers and wireless broadband networks. The Nasdaq second listing requires the company to overhaul its historical financial reporting to meet PCAOB standards — a process that has already forced a reshuffling of the corporate calendar.

The revised timeline is tight. The annual report for fiscal 2025 is now scheduled for release on Friday 15 May 2026, followed by the first-quarter results on 20 May. Shareholders will then gather for the delayed ordinary general meeting on 15 June. The annual report is expected to provide clarity on the group’s cash position and progress with its manufacturing partnership, while the Q1 numbers will offer the first snapshot of operating momentum under the new capital structure.

The company’s stock has rallied sharply over the past twelve months, pushing its market capitalisation close to the billion-dollar mark, as investors bet on the growth of AI infrastructure and satellite communications. The dual listing is seen as a logical next step to raise the group’s profile in North America and attract a broader investor base.

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