Eurona Wireless Telecom, S.A. (CATS:EWT) announced a private placement of maximum of 5,454,544 shares at €2.75 per share for gross proceeds of €14,999,996 on October 10, 2014. The shares to be issued have nominal value of €1 per share and are issued at €1.75 per share. The transaction includes suppression of the preferential subscription right.

On October 20, 2014, the company announced that it has amended the terms of the transaction. The company will now issue shares at a price of €2.60 per share for gross proceeds of €14,181,814.4.

On November 11, 2014, the company announced that the subscription period will start on November 11, 2014 and end on November 12, 2014. Mercados y Gestión de Valores A.V.B SA will act as an agent to the company.

On November 12, 2014, Eurona Wireless Telecom, S.A. closed the transaction. The transcation included participation from QMC II Iberian Capital Fund, FIL and QMC II Iberian, S.L., funds managed by Nmás1 Asset Management, S.G.I.I.C., S.A. and other investors. The investor now holds 9.89% of the share capital of the company, equivalent to an investment of €7,540,000. N+1 Group acted as financial advisor to the investor.