On January 22, 2018, Insplorion AB (publ) closed the transaction. The company announced that the company issued 100 convertible notes at a price of SEK 100,000 for gross proceeds of SEK 10,000,000 and 158,730 warrants to European Select Growth Opportunities Fund, a fund managed by L1 Capital. The company also issued 233,874 free warrants to transfer to its shareholders to protect them against dilution. One warrant will be granted for 28 existing shares held by the shareholder. Each warrant entitles the holder to subscribe for one new share in the company at a fixed strike price of SEK 31.50. The warrants have a maturity of five years from the date of the registration of the issue with the Swedish Companies Registration Office. The conversion price for the notes will be set at a 9% discount to the lowest daily volume weighted average price over the 15 trading days preceding the conversion date.