Technology
Electrolux Group announces the preliminary outcome of the oversubscribed rights issue
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STOCKHOLM, June 17, 2026 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH ACTION WOULD BE UNLAWFUL
The subscription period in AB Electrolux (“Electrolux Group” or the “Group”) fully underwritten rights issue with preferential rights for existing shareholders (the “Rights Issue”), ended on June 16, 2026. The preliminary outcome shows that the Rights Issue has been oversubscribed. As a result of the Rights Issue, Electrolux Group will receive gross proceeds of approximately SEK 9,062 million, before deduction of transaction costs.
The preliminary outcome indicates that 530,010,351 shares, corresponding to approximately 98.0 percent of the offered shares, have been subscribed for by the exercise of subscription rights. Additionally, notification of subscription without subscription rights of 214,586,937 shares, corresponding to approximately 39.7 percent of the offered shares, have been received. In aggregate, the preliminary outcome of the Rights Issue indicates that the subscription by exercise of subscription rights and the applications for subscription without subscription rights correspond to approximately 137.6 percent of the offered shares. The Rights Issue is thus fully subscribed, and no underwriting commitments will be utilised.
As a result of the Rights Issue, Electrolux Group will receive gross proceeds of approximately SEK 9,062 million, before deduction of transaction costs. Through the Rights Issue, AB Electrolux share capital will increase by SEK 2,951,906,720, from the current SEK 1,544,601,540 to SEK 4,496,508,260 through an issuance of 540,992,636 new shares, of which 16,383,608 new Class A shares and 524,609,028 new Class B shares. After the Rights Issue, the number of shares in AB Electrolux will amount to 824,070,029 shares, of which 23,777,591 Class A shares and 800,292,438 Class B shares[1].
Those who have subscribed for shares without subscription rights will be allotted shares according to the principles outlined in the prospectus. As confirmation of allocation of shares subscribed for without subscription rights, a transaction note will be sent on or about 23 June, 2026. Subscribed and allotted shares must be paid for in cash in accordance with the instructions in the transaction note. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Only those who have been allotted shares will be notified.
The final outcome of the Rights Issue is expected to be announced on 22 June, 2026. The last day of trading with Paid Subscribed Shares (Sw. betalda tecknade aktier or “BTA”) is June 29, 2026. New shares subscribed for by the exercise of subscription rights are expected to be registered with the Swedish Companies Registration Office (Sw. Bolagsverket) on 23 June, 2026 and are expected to commence trading on Nasdaq Stockholm on 1 July, 2026. Ordinary shares subscribed for without subscription rights are expected to begin trading on Nasdaq Stockholm on 1 July, 2026.
Advisors
Morgan Stanley and SEB are acting as Joint Global Coordinators, and Deutsche Bank is acting as Co-Bookrunner. Mannheimer Swartling Advokatbyrå AB and Davis Polk & Wardwell London LLP are acting as legal advisors to Electrolux as to Swedish law and U.S. law, respectively. White & Case Advokat AB and White & Case LLP are acting as legal advisors to the Underwriters as to Swedish law and U.S. law, respectively.
Important notice
This press release and the information herein is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or any other state or jurisdiction in which publication, release or distribution would be unlawful or where such action would require additional prospectuses, filings or other measures in addition to those required under Swedish law.
The press release is for informational purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy or acquire, or subscribe for, any of the securities mentioned herein (collectively, the “Securities”) or any other financial instruments in AB Electrolux. Any offer in respect of any securities in connection with the Rights Issue will only be made through the prospectus that AB Electrolux published on May 28, 2026 on www.electroluxgroup.com. Any offer will not be made to, and application forms will not be approved from, subscribers (including shareholders), or persons acting on behalf of subscribers, in any jurisdiction where applications for such subscription would contravene applicable laws or regulations, or would require additional prospectuses, filings, or other measures in addition to those required under Swedish law. Measures in violation of the restrictions may constitute a breach of relevant securities laws.
None of the Securities have been or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction in the United States, and may not be offered, pledged, sold, delivered or otherwise transferred, directly or indirectly, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable other securities laws. There will not be any public offering of any of the Securities in the United States.
In the United Kingdom, this press release is directed only at, and communicated only to, persons who are “qualified investors” (as defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024) who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Any person in the United Kingdom that is not a Relevant Person should not act or rely on the information included in this press release or use it as basis for taking any action. In the United Kingdom, any investment or investment activity that this press release relates is available only to, and will be engaged in only with, Relevant Persons.
This press release contains forward-looking statements that reflect AB Electrolux current view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “estimate” and other expressions involving indications or predictions regarding future development or trends, not based on historical facts, identify forward-looking statements and reflect AB Electrolux beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual events and performance to differ materially from any expected future events or performance expressed or implied by the forward-looking statement. The information contained in this press release is subject to change without notice and, except as required by applicable law, AB Electrolux does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor does it intend to. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. As a result of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual future events or otherwise.
[1] Also encompasses conversion of 797,821 class A shares into class B shares carried out during June 2026 upon request by shareholder in accordance with the conversion clause in AB Electrolux Articles of Association.
CONTACT:
For more information:
Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, +46 73 025 1005
Maria Åkerhielm, Investor Relations Manager, +46 70 796 3856
Henry Sjölin, Investor Relations Manager, +46 76 863 51 85
Electrolux Group Press Hotline, +46 8 657 65 07
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/1853/4365216/4158451.pdf
Press release Preliminary outcome of the oversubscribed rights issue (ENG) 2026-06-17
View original content:https://www.prnewswire.co.uk/news-releases/electrolux-group-announces-the-preliminary-outcome-of-the-oversubscribed-rights-issue-302803337.html
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CSD Access to Showcase Innovative Direct Video Calling Solution at Customer Contact Week Las Vegas, Serve as Exclusive Accessibility Sponsor
Published
53 minutes agoon
June 17, 2026By
AUSTIN, Texas, June 17, 2026 /PRNewswire/ — CSD Access announced today that it will showcase its innovative Direct Video Calling (DVC) solution at Customer Contact Week (CCW) June 22-25, 2026, in Las Vegas. With more than 5,000 expected attendees, CCW Las Vegas is one of the largest customer contact events in the world.
CSD Access also will serve as CCW’s exclusive accessibility sponsor, providing on-site accessibility services for the conference.
At CCW, CSD Access will challenge the status quo in today’s contact centers: why are Deaf customers still routed through a slower, three-way relay experience when a direct, language-matched solution can deliver better service, stronger operational performance and increased customer satisfaction?
CSD Access, a leading Direct Video Calling (DVC) solution, does exactly this, giving Deaf and Hard of Hearing customers barrier free customer service communication. With DVC, Deaf customers make video calls directly to a call center representative who is fluent in sign language, eliminating the need for any third-party relay interpreter. The Federal Communications Commission (FCC) recognizes this point-to-point connection as an accessibility standard for Deaf and Hard of Hearing customer communication.
For more than a decade, CSD Access has been expanding the use of its innovative DVC solution through partnerships with many Fortune 500 companies and other leading organizations, including: Comcast Xfinity, Cox Communications, Google, Walmart, the Seattle-Tacoma International Airport and the 988 Suicide & Crisis Lifeline.
“Today, most Deaf people require a three-way relay call to reach customer service,” said Greg Pollock, Division President of CSD Access. “DVC removes this unnecessary barrier not only providing ideal communication but a superior customer service experience of shared language and culture with indisputable business results.”
Unlike three-way relay, DVC provides seamless one-to-one communication, added Pollock, no hopping between two different call centers, no reliance on a third unaffiliated person to resolve customer issues and no miscommunication or unnecessary delays. Still today, he noted, this is the contact center experience for most Deaf people.
Reach Millions Who Use Sign Language, Billions in Discretionary Income
According to CSD Access, there are more than 11 million Deaf and Hard of Hearing people in the United States millions of whom use sign language as their primary language. With an estimated $9 billion in discretionary income, Deaf and Hard of Hearing customers represent a valuable customer base and are especially loyal to companies and organizations who service them in their language.
CSD Access’ DVC Delivers Measurable Results, Business Efficiencies
CSD Access notes that companies and organizations using its DVC solution have reported measurable results and business efficiencies:
Up to a 343 percent increase in call volume capacity Up to a 40 percent reduction in average call handle time due to the elimination of third-party facilitators Up to an 80 percent reduction in total call time from the moment a call is initiated, including hold and routing time Customer satisfaction rates of 85 percent, surpassing the national call center average
As part of its CCW sponsorship, CSD Access will provide sign language interpreters on the main stage and throughout the conference floor for Deaf and Hard of Hearing attendees. Additionally, at CCW on June 25 Pollock will present “Creating Equitable Customer Experiences for Deaf Consumers.”
About CSD Access and Communication Service for the Deaf
CSD Access is a division of Communication Service for the Deaf (CSD), the largest Deaf-led social impact organization in the world. For more than 50 years, CSD has worked to advance communication equality for the Deaf and Hard of Hearing community. With its innovative Direct Video Calling solution, CSD Access is connecting Deaf and Hard of Hearing customers directly with the businesses they rely on every day. For more information, visit csdaccess.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/csd-access-to-showcase-innovative-direct-video-calling-solution-at-customer-contact-week-las-vegas-serve-as-exclusive-accessibility-sponsor-302803288.html
SOURCE Communication Service for the Deaf
Technology
Energy Is A Trillion-Dollar Problem for the AI Boom
Published
53 minutes agoon
June 17, 2026By
FN Media Group Presents Oilprice.com Market Commentary
NEW YORK, June 17, 2026 /PRNewswire/ — If you’ve been following in the AI boom, you probably are aware of the same names everyone else is. NVIDIA for the chips. Microsoft, Google and Amazon for the cloud. Maybe Meta for the consumer side. Maybe Palantir or one of the AI software names. Possibly TSMC for exposure to the manufacturing layer. And that awareness has worked well for many. NVIDIA alone has minted more wealth in two years than most companies create in a century. The hyperscalers have all hit fresh highs. AI software stocks that were speculative bets in 2022 now trade at premium multiples. Companies mentioned in today’s commentary includes: Bitzero Holdings Inc. (AIBZ), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), ASML Holding N.V. (NASDAQ: ASML), Arm Holdings plc (NASDAQ: ARM), Super Micro Computer, Inc. (NASDAQ: SMCI).
But everyone interested in this industry should be asking the same question right now. With most of these names sitting at or near all-time highs, where does the next leg of returns come from? The answer won’t come from the obvious places. The chip makers, the cloud providers and the software creators have already gotten a ton of attention. To find the kind of returns that actually move the needle in 2026, you have to look one layer beneath the names everyone is talking about. You have to look at what makes all of it possible.
One company well positioned for what’s coming is one most people have never heard of. It’s called Bitzero Holdings, Inc. (AIBZ), and to understand why it matters, you need to understand the bottleneck nobody is talking about yet.
The Question Wall Street Forgot to Ask
Every company in the AI economy depends on one thing. NVIDIA’s chips are useless without it. Microsoft’s data centers are concrete shells without it. Google’s models can’t train without it. The entire industry runs on one input that almost nobody talks about. Electricity. And there isn’t enough of it.
A single ChatGPT query consumes roughly 10 times the energy of a Google search. Training the next generation of large language models requires the equivalent power draw of small cities. Industry forecasts now put AI data center capital expenditure at roughly $5.2 trillion between now and 2030. Goldman Sachs Research projects global data center power demand will surge up to 165% by 2030 compared to 2023 levels.
The Hyperscalers Already Know
If you want confirmation that power is the real constraint, look at what the smart money is doing. Microsoft signed a 20-year deal to restart the Three Mile Island nuclear plant, a facility that has been offline since 2019, specifically to feed its AI ambitions. Amazon paid $650 million for a data center campus directly co-located with the Susquehanna nuclear station in Pennsylvania. Google announced agreements with Kairos Power for small modular reactors.
These are not the moves of companies that think power will sort itself out. They are willing to commit billions and wait years to lock in scarce, secured, low-carbon electricity because they know that power is the binding constraint on their entire AI strategy.
The Standout Play in a Closed Market
Bitzero Holdings, Inc. (AIBZ) is one of the very few companies that locked in Nordic power capacity ahead of the surge. The story of how it did so explains why this stock is one of the rare chances to own real AI infrastructure before Wall Street catches on.
Bitzero controls more than 1 gigawatt of secured, low-cost power capacity across four strategic sites in Norway, Finland and the United States. That capacity is permitted, contracted and in many cases already operational. The largest single block of that capacity, the 110 megawatts at the company’s Norwegian flagship, is now under a binding 15-year lease worth approximately $2.6 billion. More on that in a moment.
The crown jewel is the company’s Norwegian flagship at Namsskogan, where Bitzero operates as a licensed grid operator at the 132 KV level. That’s an unusual position. It is also an extraordinarily valuable one.
Most data center operators connect at 22 KV through a utility, paying middleman fees and waiting on utility timelines. Bitzero connects directly to the high-voltage grid and works directly with hydroelectric power plants, bypassing the middlemen and multi-year utility wait that hold most projects back.
The financial impact is dramatic. Bitzero’s all-in power cost at its Norway facility, including grid fees, taxes and every other charge, currently sits at 3-4 cents per kilowatt-hour. The US average is closer to 12 cents. American data center operators competing for AI workloads are paying three to four times what Bitzero pays for the same electron.
The Deals That Changed What This Company Is
Three months ago, Bitzero looked like a small Bitcoin miner with an unusually good power position. Today it looks like something different entirely. The transformation comes down to four announcements, all landing inside a single rolling window.
The biggest by far is OneQode. On May 5, 2026, Bitzero signed a binding letter with OneQode Networks Pte. Ltd. for a 15-year lease of the full 110 megawatts at its Namsskogan, Norway site. Total contracted revenue runs approximately $2.6 billion, with implied annual revenue of $178 million at full capacity and a net operating margin of 85%. The tenant is deploying GPU clusters for enterprise AI, large language model training and sovereign AI workloads. Commissioning is targeted for the first half of 2027, with the lease then running through 2042 at minimum. The buildout to convert the site to HPC-grade specifications runs roughly $1.1 billion, with debt financing in late-stage negotiation. The deal is subject to definitive documentation, which management has indicated could close within the next 60 to 90 days.
On a per-megawatt basis, the OneQode deal lines up with the comparable HPC leases driving the multi-billion dollar valuations of larger peers. TeraWulf sits on $12.8 billion in contracted HPC revenue. Hut 8 signed a $7 billion, 15-year lease with Fluidstack for 245 megawatts. Core Scientific signed a $10.2 billion deal with CoreWeave across roughly 500 megawatts. Each of those announcements rerated the company’s stock substantially.
The other three announcements build on the OneQode foundation. In January 2026, Bitzero announced that it had retained CBRE as the strategic broker for its 200-megawatt Finland site. CBRE is not a small player. The firm manages roughly $6 billion in annual data center transaction value and has direct, active relationships with every hyperscaler on earth. In the same month, Bitzero announced a partnership with Hydra Host, a top-10 NVIDIA Cloud Partner backed by Founders Fund. Hydra Host operates GPU clusters across more than 50 locations worldwide and brings Bitzero’s compute capacity to a global enterprise customer base through its Brokkr platform. A few days later, Bitzero acquired its first eight NVIDIA Blackwell B300 servers (64 GPUs total) for deployment at the Norway site, marking the company’s first direct entry into AI compute revenue.
Already Profitable…And Just Getting Started
The part that separates Bitzero from most early-stage infrastructure plays is simple. The company is not burning capital while it waits for AI deals to close. It is generating revenue today. Bitzero mines Bitcoin at its Norway site at a blended power cost of approximately $0.03 to $0.035 per kWh. The all-in cost to mine one Bitcoin sits around $50,000, roughly half the industry average of $100,000. The company’s hashrate has grown steadily from 0.4 EH/s in early 2024 to 1.08 EH/s by January 2025 to roughly 2.80 EH/s today, a 7x increase in two years. At current network conditions that’s around 1.1 Bitcoin per day in production.
That revenue funds operations and demonstrates infrastructure reliability under sustained, real-world high-load conditions. AI customers want to see exactly that before signing multi-year hosting agreements.The 110 megawatts at Namsskogan are now committed to OneQode under the 15-year lease, with HPC commissioning targeted for the first half of 2027. The growth runway extends well beyond that initial block. Bitzero has a clear path to approximately 325 megawatts at the same site by late 2027, with the largest infrastructure components, including a Siemens GIS breaker with 200 megawatt capacity, already paid for and installed. Whatever capacity does not flow to OneQode in later phases becomes available for either additional HPC tenants or expanded mining.
Other companies to keep an eye on:
Amazon.com, Inc. (NASDAQ: AMZN) may be making the most aggressive single bet on AI infrastructure of any company on this list. The company announced $200 billion in capital expenditures for 2026, the bulk of it aimed at AWS data centers — up from $96.5 billion spent in 2025 and $83 billion in 2024. CEO Andy Jassy told investors that all new AWS capacity sells out immediately, with demand limited by supply factors like energy and hardware, not customer appetite.
Q1 FY2026 results reinforced that narrative. AWS grew 28%, its fastest clip in 15 quarters, on a very large base. Amazon’s custom chip business — Trainium — crossed a $20 billion annualized revenue run rate, growing triple digits year over year.
Alphabet Inc. (NASDAQ: GOOGL) is approaching the AI data center race from a position of unusual strategic depth. Unlike its hyperscaler peers, Google designs and manufactures its own AI chips — Tensor Processing Units — giving it a degree of supply chain independence that Microsoft and Amazon lack. That vertical integration is showing up in the numbers: the company reduced Gemini serving unit costs by 78% over 2025 through model optimizations and efficiency improvements.
The spending commitment is massive either way. Alphabet guided 2026 capital expenditures to between $180 billion and $190 billion — more than double its 2025 figure — with CFO Anat Ashkenazi flagging that 2027 capex is expected to “significantly increase” from there.
ASML Holding N.V. (NASDAQ: ASML) is the only company in the world that makes extreme ultraviolet lithography machines — the equipment required to print every leading-edge AI chip. There is no alternative supplier. Q1 2026 net sales reached €8.8 billion, up 13% year over year, at a 53% gross margin that is exceptional for capital equipment manufacturing. The company raised its full-year 2026 revenue guidance to €36 to €40 billion from a prior range of €34 to €39 billion, citing AI-driven demand that CEO Christophe Fouquet said is pushing chip demand well beyond current supply.
The China headwind is real and worth flagging. System sales to China fell to 19% of total in Q1 2026, down from 36% in Q4 2025, as export controls progressively restrict what ASML can sell there. The pre-buying cycle for lower-end DUV machines has run its course, and EUV has never been permitted for Chinese customers. A
Arm Holdings plc (NASDAQ: ARM) doesn’t make chips. It designs the instruction set architectures that most of the world’s chips are built on — and then collects royalties every time one of those chips ships. Every AWS Graviton processor, every Apple M-series chip, every NVIDIA Vera CPU runs on Arm architecture. Q4 FY2026 revenue hit $1.49 billion, up 20% year over year, with data center royalties more than doubling year over year for the second consecutive quarter.
The data center story for Arm is that its architecture is now winning the hyperscaler CPU market at scale. Arm-based CPUs hold approximately 50% market share among the top hyperscalers — AWS Graviton and Trainium, Google Axion and TPUs, Microsoft Cobalt, NVIDIA’s Vera CPU — all run on Arm.
Super Micro Computer, Inc. (NASDAQ: SMCI) designs and manufactures the high-performance servers and rack-scale systems that sit inside AI data centers, competing directly with Dell in the GPU server market. The company pioneered the direct liquid cooling rack solutions that are now industry standard for high-density AI workloads, and it counts NVIDIA as a core supply chain partner.
The company has had a turbulent period from a governance standpoint. Super Micro faced an accounting investigation and delayed several financial filings in 2024 and 2025, which rattled the industry even as the underlying server business continued to grow.
By. Tom Kool
Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market’s biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free
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REDONDO BEACH, Calif., June 17, 2026 /PRNewswire/ — SecureSpace Self Storage (“SecureSpace”), a leading self-storage platform with locations across key urban markets in the U.S., has opened its newest location at 999 Long Island Ave in Deer Park, NY. This marks SecureSpace’s first store on Long Island, and 11th in the New York City MSA.
Now rebranded as SecureSpace Deer Park, the three-story, Class A climate-controlled facility offers 49,875 square feet of storage space across 537 units ranging from 4×5 to 10×30. The property sits just off a primary N/S intersection with Commack Road, where 42,000 vehicles pass by daily, and is 300 yards from a 125-acre destination retail complex anchored by Tanger Outlets, Home Depot, Kohls, and a host of other national retailers.
Enhancements are underway to ensure the facility meets SecureSpace’s premium standards. The leasing office will be upgraded to the brand’s signature contemporary style, and the property will feature proprietary AI-enabled cameras and sensors for enhanced security. Customers will also enjoy complimentary high-speed Wi-Fi throughout the building.
SecureSpace Deer Park remains open for business during the renovation. Customers are invited to visit SecureSpace.com to calculate their storage size needs, view pictures of the spaces, and rent a unit online without setting foot inside. Or, call (877) 399-0319 to talk to a friendly agent about your secure space at SecureSpace.
About SecureSpace Self Storage
SecureSpace Self Storage is one of the fastest-growing self-storage platforms in the U.S. With assets located across key urban markets, exceptional service and leading security features, SecureSpace provides a high-quality experience that our customers can count on in any location they visit.
Relax. It’s safe at SecureSpace.
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