Analysis

October 30, 2024

Dilution, dissatisfaction and de-risking: Why healthtech unicorn Kry has changed its capital structure

“Our complex capital structure was objectively a hurdle for us,” says CEO Johannes Schildt


Mimi Billing

5 min read

Johannes Schildt, CEO and cofounder of Kry

Last week, digital health scaleup Kry (also known as Livi in France and the UK) held a general meeting for shareholders to vote on a simplified capital structure. The proposed changes included diluting common shares by 78% while converting more than half of the preferred shares to common shares and all convertible notes into shares.

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Picture of Tatiana Shalalvand, investment director at Kinnevik
Tatiana Shalalvand, investment director at Kinnevik.
Foto Anna Hållams
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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