Investors
Revenio’s Rights Offering 2026
Revenio’s Rights Offering 2026
Revenio Group Corporation (“Revenio” or the “Company”) announced on April 13, 2026, in connection with the acquisition of LT International SAS, the parent company of Visionix International group, (the “Visionix Transaction”) that it was planning a rights offering. The Board of Directors of Revenio resolved on September 21, 2026, on a fully underwritten rights offering of approximately EUR 80 million (the “Offering”).
In the Offering, the Company will offer for subscription, based on pre-emptive rights for existing shareholders, a maximum of 12,929,361 new shares in the Company (the “Offer Shares”) based on the authorization granted by the Annual General Meeting of the Company held on May 12, 2026. The subscription price is EUR 6.19 per Offer Share (the “Subscription Price”). The net proceeds received from the Offering will be used for the repayment of the outstanding EUR 80 million bridge-to-equity facility (the “Bridge Facility”) related to the Visionix Transaction, whereby Revenio aims to secure balanced capital structure and sufficient financial flexibility to execute its strategy. The Visionix Transaction is a key element in the execution of Revenio’s strategy and strengthens Revenio’s ability to accelerate growth and value creation through a broader market opportunity, increased scale and synergies arising from the Visionix Transaction.
The record date of the Offering is September 23, 2026 (the “Record Date”). Shareholders who are registered in Revenio’s shareholders’ register maintained by Euroclear Nordics Ltd on the Record Date will receive one (1) subscription right in the form of a book-entry (the “Subscription Right”) for each one (1) existing share of the Company owned by the shareholder on the Record Date. Nine (9) Subscription Rights entitle its holder to subscribe for four (4) Offer Shares at the Subscription Price.
The subscription period will commence on September 28, 2026, at 9:30 a.m. (Finnish time) and end on October 12, 2026, at 4:30 p.m. (Finnish time) (the “Subscription Period”).
The Offering is fully underwritten, subject to customary terms and conditions:
William Demant Invest A/S, Caravelle Capital SAS and the 15 other sellers in the Visionix Transaction, have each separately and irrevocably committed to subscribe for on the basis of the Subscription Rights allocated to them, an aggregate amount of approximately 31.4 percent of the Offer Shares offered in the Offering, and to pay the Subscription Price for such Offer Shares (either by itself and/or on behalf of its controlled entity) under certain customary conditions (each separately a "Subscription Commitment" and together, the "Subscription Commitments").
In addition, Nordea Bank Abp (“Nordea”) has entered into an underwriting agreement with the Company (the “Underwriting Agreement”) pursuant to which Nordea has agreed, subject to certain customary terms and conditions, to procure subscribers for any Offer Shares that may remain unsubscribed for in the Offering, excluding the Offer Shares that are covered by the Subscription Commitments, or to subscribe for such Offer Shares itself.
Background of the Offering
The objective of the Offering is to fund a portion of the cash payments made by Revenio in connection with the Visionix Transaction by repaying the outstanding Bridge Facility related to the Visionix Transaction, whereby Revenio aims to secure balanced capital structure and sufficient financial flexibility to execute its strategy. The Visionix Transaction is a key element in the execution of Revenio’s strategy and strengthens Revenio’s ability to accelerate growth and value creation through a broader market opportunity, increased scale and synergies arising from the Visionix Transaction.
To this end, the Company aims to raise gross proceeds of approximately EUR 80.0 million and net proceeds of approximately EUR 77.1 million by offering Offer Shares for subscription.
From the CEO
The Visionix transaction marks a new phase for Revenio. We have joined two highly complementary companies and built a significantly broader platform to serve optical retail, optometry and ophthalmology across the eye care pathway. At the same time, we estimate that our total addressable market has expanded approximately 2.5-fold, from around USD 1.1 billion to approximately USD 2.7 billion, creating new opportunities for long-term growth.
In our view, we are supported by the long-term growth drivers of the eye health market: population ageing and lifestyle-related diseases are increasing the need for eye disease screening and diagnostics faster than healthcare resources are growing. Eye care is, in our view, undergoing a transformation similar to that seen across healthcare more broadly: examinations, screening and diagnostics are increasingly being performed earlier and closer to the patient, enabling limited specialist care resources to be focused on those who need them most. In our view, this is driving demand for solutions that enable reliable diagnostics, efficient workflows and use of data throughout the eye care pathway.
The new combined Revenio has been precisely built to address this significant market transformation. The key theme of our strategy for 2027–2029 is to lead the shift from vision care to connected eye health. With Visionix, we can combine a broader range of technologies and solutions related to screening and eye health diagnostics.
Together, we have a more comprehensive offering, complementary capabilities and a broader global reach.
The rights offering provides our existing shareholders with an opportunity to participate in Revenio’s next phase of development. The proceeds from the offering will be used to repay the bridge facility related to the Visionix transaction, thereby supporting our objective of securing a balanced capital structure and sufficient financial flexibility to execute our strategy.
Our objective is to deliver profitable growth and create sustainable shareholder value from our strengthened market position. I would like to thank you for your continued trust in Revenio.
Jouni Toijala
CEO
Webcast
Revenio will hold a live webcast in Finnish on Tuesday, September 29, 2026 at 3.00 p.m. (EEST). In the event, Revenio’s management will present Revenio and the Offering. The webcast can be watched live at https://revenio.events.inderes.com/merkintaoikeusannin-esittely/register.
A recording of the webcast will be published on this page shortly after the event.
Marketing brochure
This is not an official prospectus approved by the Finnish Financial Supervisory Authority under the Prospectus Regulation. The information presented in the marketing brochure is based on the prospectus published by Revenio Group Corporation, which is available on this page. Investors are advised to carefully review the prospectus before making an investment decision.
Practical information
Options for action in the Offering:
You can use the Subscription Rights you have received to subscribe for Offer Shares in full.
You can purchase additional Subscription Rights or sell a part of your Subscription Rights. You can also sell all of your Subscription Rights on the regulated market of Nasdaq Helsinki.
If you are not yet a shareholder of Revenio, you can purchase Subscription Rights from the regulated market of Nasdaq Helsinki and use them to subscribe for Offer Shares.
You can also make a secondary subscription without using Subscription Rights.
Remember to act in time:
Any unexercised Subscription Rights will expire without any compensation at the end of the Subscription Period on October 12, 2026, at 4:30 p.m. (Finnish time).
To avoid losing the value of your Subscription Rights, you should either:
Submit a subscription order to your investment service provider no later than on October 12, 2026, in accordance with the instructions provided by your investment service provider; or
Sell your unused Subscription Rights no later than on October 6, 2026.
Example of a share subscription:
You own 90 shares in Revenio. You will receive 90 Subscription Rights that entitle you to subscribe for 40 Offer Shares at the Subscription Price.
You pay EUR 6.19 to subscribe for one new Offer Share, i.e. EUR 247.60 in total.
After the Offering, you own 130 shares in Revenio.
Preliminary timetable of the Offering
| Event | Date |
|---|---|
| Record Date of the Offering | September 23, 2026 |
| Subscription Period commences | September 28, 2026 |
| Trading in the Subscription Rights commences on the regulated market of Nasdaq Helsinki | on or about September 28, 2026 |
| Trading in the interim shares commences on the regulated market of Nasdaq Helsinki | September 29, 2026 |
| Trading in the Subscription Rights ends on the regulated market of Nasdaq Helsinki | October 6, 2026 |
| The Subscription Period of the Offering ends and unexercised Subscription Rights expire without any compensation | October 12, 2026 |
| Announcement of the preliminary results of the Offering | on or about October 13, 2026 |
| Announcement of the final results of the Offering | on or about October 15, 2026 |
| Trading in the interim shares ends on the regulated market of Nasdaq Helsinki | on or about October 16, 2026 |
| The Offer Shares are registered in the trade register maintained by the Finnish Patent and Registration Office | on or about October 16, 2026 |
| The Offer Shares subscribed for in the Offering will be recorded in the book-entry accounts of investors | on or about October 19, 2026 |
| Trading in the Offer Shares commences on the regulated market maintained by Nasdaq Helsinki | on or about October 19, 2026 |
Questions and answers
What is the purpose of Revenio’s Offering? add
The objective of the Offering is to fund a portion of the cash payments made by Revenio in connection with the Visionix Transaction by repaying the outstanding Bridge Facility related to the Visionix Transaction, whereby Revenio aims to secure balanced capital structure and sufficient financial flexibility to execute its strategy. The Visionix Transaction is a key element in the execution of Revenio’s strategy and strengthens Revenio’s ability to accelerate growth and value creation through a broader market opportunity, increased scale and synergies arising from the Visionix Transaction.
Who has the right to participate in the Offering? add
Shareholders who are registered in Revenio’s shareholders’ register maintained by Euroclear Nordics Ltd on the Record Date will receive one (1) subscription right in the form of a book-entry for each one (1) existing share of the Company owned by the shareholder on the Record Date.
If the Offer Shares are not fully subscribed for pursuant to the primary subscription right, both holders of Subscription Rights and investors who do not hold Subscription Rights may submit orders to subscribe for any such Offer Shares (the “Secondary Subscription Right”).
Have Revenio’s shareholders or other investors committed in advance to subscribe for Offer Shares in the Offering? add
William Demant Invest A/S, Caravelle Capital SAS and the 15 other sellers in the Visionix Transaction, have each separately and irrevocably committed to subscribe for on the basis of the Subscription Rights allocated to them, an aggregate amount of approximately 31.4 percent of the Offer Shares offered in the Offering, and to pay the Subscription Price for such Offer Shares (either by itself and/or on behalf of its controlled entity) under certain customary conditions.
Pursuant to the Underwriting Agreement, Nordea has agreed, subject to certain customary terms and conditions, to procure subscribers for any Offer Shares that may remain unsubscribed for in the Offering, excluding the Offer Shares that are covered by the Subscription Commitments, or to subscribe for such Offer Shares itself.
When can I subscribe for shares? add
The subscription period will commence on September 28, 2026, at 9:30 a.m. (Finnish time) and end on October 12, 2026, at 4:30 p.m. (Finnish time).
How many Offer Shares can I subscribe for? add
Nine (9) Subscription Rights entitle its holder to subscribe for four (4) Offer Shares at the Subscription Price.
If the Offer Shares are not fully subscribed for pursuant to the primary subscription right, both holders of Subscription Rights and investors who do not hold Subscription Rights may submit orders to subscribe for any such Offer Shares.
What is the price of an Offer Share? add
The Subscription Price is EUR 6.19 per Offer Share.
How can I sell or buy Subscription Rights? add
Public trading of the Subscription Rights on the regulated market of Nasdaq Helsinki is expected to commence on September 28, 2026, at 10:00 a.m. (Finnish time) and end on October 6, 2026, at 6:30 p.m. (Finnish time).
Will there be any expenses incurred for the subscription? add
Neither the Company nor Nordea, in its capacity as global coordinator only, will charge any commission or fees for the subscription of Offer Shares, and no transfer tax is payable for the subscription of Offer Shares. Account operators, custodians or securities brokers who execute subscription orders relating to the Subscription Rights may charge a commission in accordance with their own terms of service. Account operators and custodians may also charge a fee for the maintenance of a book entry account and the custody of shares in accordance with their terms of service.
How does the subscription of shares take place in practice? add
You will receive detailed instructions on how to submit an order to subscribe for Offer Shares from your investment service provider.
What happens if I don’t use my Subscription Rights? add
Any unexercised Subscription Rights will expire without any compensation at the end of the Subscription Period on October 12, 2026, at 4:30 p.m. (Finnish time).
Can subscriptions be cancelled? add
Any exercise of the Subscription Rights or subscription of the Offer Shares pursuant to the Secondary Subscription Right is irrevocable and may not be modified or cancelled other than as set forth in the terms and conditions of the Offering.
Where the prospectus relating to the Offering is supplemented, investors who have subscribed for the Offer Shares before the supplement is published have the right to withdraw their subscriptions within three working days after the publication of the supplement. The procedure regarding the withdrawal of the subscriptions would be announced together with any such supplement.
Materials
Release: The Finnish Financial Supervisory Authority has approved the Finnish language prospectus in relation to Revenio Group Corporation’s rights offering
Release: Revenio Group Corporation announces the terms and conditions of its fully underwritten rights offering of approximately EUR 80 million
Terms and conditions of the Offering
Offering Circular
Marketing brochure
Report on review of Revenio Group Oyj’s interim financial information for the period January – 30 June 2026
Half-Year Report 2026
Audited consolidated financial statements and the related auditor’s report 2025
Articles of Association
Further information
CEO Jouni Toijala
+358 50 484 0085
jouni.toijala@revenio.fi
CFO Jukka Kainulainen
+358 40 533 6887
jukka.kainulainen@revenio.fi
Revenio Group Oyj | Härkähaankuja 7, 01730 Vantaa