Sivers Semiconductors Overhauls Board and Authorizes New Share Issuance

The company’s annual report and profit loss statements were adopted, with directors opting to forgo dividends for the 2025 financial year. Bami Bastani retains his position as Chairman of the Board, joined by re-elected directors Karin Raj and Todd Thomson. The board welcomes two newcomers, Joakim Nideborn and Helena Svancar, with Nideborn additionally assuming the role of Vice Chairman. Compensation packages for the board now include a mix of cash retainers and a stock ownership plan, while the firm maintains Deloitte AB as its auditor.

Strategic financial flexibility remains a priority for the upcoming year. Shareholders granted the board authority to issue up to 53,844,956 new shares, warrants, or convertible bonds, representing a potential dilution of approximately 15 percent. This mandate allows the company to pursue market-priced issuances through the next annual meeting. Furthermore, the assembly formally approved a March 2026 resolution to secure a convertible loan worth USD 327,071.98 from Bootstrap Europe 4.0 S.à r.l. This debt, bearing a 10.85 percent annual interest rate, is set to mature at the end of 2029 if not converted into equity prior to that date.