MedicPen AB (publ) (OM:MPEN) announced a private placement of 9,724,416 common shares at SEK 0.89 per share for gross proceeds of SEK 8,654,730.24 on May 20, 2015. Quantify AB, returning investor Capensor Capital AB, Rosencrantz Performance AB, Montana Sweden AB, Tass AB, and Nordisk Specialtextil i Jörn AB each subscribed for 561,797 shares, 2,550,000 shares, 100,000 shares, 450,000 shares, 1,2000,000 shares, and 500,000 shares respectively. Individual investors Per Vasilis, Mikael Rosencrantz, Patric Sjölund, Stefan Lindestrand, Arne Grundström, Gerhard Dal, Fredrik Möller, and Oscar Haraldson each subscribed for 450,000 shares, 100,000 shares, 560,000 shares, 44,944 shares, 500,000 shares, 1,130,000 shares, 337,000 shares, and 400,000 shares respectively.

As a part of the round, the investors acquired a total of 16% stake in the company. The transaction was approved by shareholders of the company at an annual general meeting.