Sivers Semiconductors: 355 Million Shares Now Circulate as Nasdaq Ambition Collides With Steep Sell-Off
Published on 08/02/2026 at 15:04 | Redaktion boerse-global.de
The arithmetic of dilution has caught up with Sivers Semiconductors. Sweden's photonics and RF specialist closed Friday at EUR 2.75, down 1.93 percent on the day — a level that leaves the stock roughly 73 percent below the EUR 10.23 peak touched on June 3. The slide has been relentless: over the past 30 sessions, the shares have shed 48.65 percent, and the price now sits 51.79 percent beneath the 50-day moving average of EUR 5.70.
At the heart of the decline lies a rapid expansion of the company's equity base. As of July 31, Sivers counted 355,081,317 outstanding common shares, up from two separate capital measures completed within days of each other. The first, a directed share issue resolved on June 30, added 12,280,701 new shares and raised roughly SEK 700 million. Just three days later came the second: 22,847,044 shares issued to Bootstrap Europe IV SCSp through the full conversion of a USD 12 million convertible loan.
Management frames the conversion as a necessary step to clear debt and pursue opportunities in AI data centers and satellite communications. The enlarged share base also paves the way for a shift to PCAOB accounting standards — a transition underway since May 2026 and a prerequisite for the company's planned dual listing in the United States.
The market, however, has shown little enthusiasm for the balance-sheet cleanup. Trading remains exceptionally volatile, with 30-day annualized volatility at 168.16 percent. Technical indicators offer scant comfort: the 100-day average of EUR 4.14 also sits well above the spot price, and the 14-day RSI at 37.3 suggests the stock is approaching oversold territory without yet confirming a reversal.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
Adding to the uncertainty, Sivers entered a regulatory blackout period at the start of August. Under Article 19(11) of the EU Market Abuse Regulation, executives are barred from trading their own shares for 30 days ahead of the next financial report. The quiet period follows a flurry of insider activity in July, once a lock-up agreement tied to the April directed issue lapsed. CEO Vickram Vathulya purchased 70,000 shares, lifting his holdings to 4,540,076 shares plus 3,700,000 employee options. Board chairman Bami Bastani and other directors also executed transactions, gifts, and transfers in the days before the freeze took effect.
All eyes now turn to the second-quarter report, scheduled for August 27 before the market opens on Nasdaq Stockholm. The original date was pushed back from July 9 to allow Sivers to fully meet the stricter PCAOB audit standards required for its planned Nasdaq listing in New York. The delayed publication will offer the first comprehensive look at the company's finances since May, when the 2025 net loss was revised upward to SEK 222.6 million.
Investors will scrutinize whether the business pipeline — which grew 77 percent in the first half — is converting into production orders. First-quarter revenue had dipped on delayed US defense spending and currency effects, though management maintains its full-year growth target, betting on a second-half turnaround. Product launches and partnerships across automotive LiDAR, AI data center lasers, satellite communications, and fixed wireless access are expected to drive meaningful growth from 2027 onward.
Sivers Semiconductors at a turning point? This analysis reveals what investors need to know now.
For now, the stock remains caught between a heavy share count, a demanding technical backdrop, and a quiet period that leaves the narrative to the numbers due out later this month. The industry backdrop offers a sliver of optimism: global silicon wafer shipments rose 7.4 percent year over year in the second quarter, a signal that demand for the photonics and RF beamformer technologies Sivers develops may be stabilizing. Whether that translates into a more constructive story for shareholders is a question the August 27 report will begin to answer.
Ad
Sivers Semiconductors Stock: New Analysis - 2 August
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.
