Seeking international success stories

The strategy is to merge with a Nordic technology company with high growth potential

Lifeline SPAC I is the first Nordic SPAC that aims to identify and acquire a technology-driven target company with high growth potential. Our team has significant experience in building international success stories. Our aim is to merge with a Nordic growth company and support the implementation of its growth strategy with proceeds from the listing and by utilizing the expertise of our broad international network.


Subscription period for the public offering was October 5–12, 2021.

What is a SPAC?

A SPAC (Special Purpose Acquisition Company) is a company founded for the purpose of corporate acquisitions with the objective of raising capital through a public offering in order to acquire an unlisted target company or several companies within a certain period of time, usually 6–36 months from the SPAC’s own listing.

Read more about the SPAC operating model

Information on the IPO

Lifeline SPAC I raised gross proceeds of EUR 100 million by offering a maximum of 10,000,000 new series A shares in the company. The offering of Lifeline SPAC I Plc was oversubscribed and the listing was completed as planned. Trading in the series A shares commenced on 15 October 2021

The offering consisted of a public offering to private individuals and entities in Finland and an institutional offering to institutional investors in Finland and, in accordance with applicable laws, internationally outside the United States.

Lifeline SPAC I Plc offered series A shares in the offering for a subscription price of EUR 10.00 per share.

The total number of shareholders increased to over 2,300 shareholders after the Offering.

Cornerstone investors

The subscriptions from certain cornerstone investors, who had given their subscription commitments prior to the listing for an aggregate amount of EUR 68.9 million, formed a significant part of the Institutional Offering. The cornerstone investors comprised: Ahlström Invest B.V., G.W. Sohlberg Corporation, Varma Mutual Pension Insurance Company, Mandatum Asset Management Ltd EUR, certain funds managed by Sp-Fund Management Company Ltd, Rettig Group Ltd, Visio Varainhoito Oy and certain funds managed by WIP Asset Management Ltd. Pursuant to their terms, the subscription commitments were accepted in full.

Important dates

Subscription period for the offering commencedOctober 5, 2021
at 10:00 a.m. (Finnish time)
Subscription period of the public offering endedOctober 12, 2021 2021 at 4:00 p.m. (Finnish time)
Announcement of the final results of the offeringOctober 14, 2021
Offer shares subscribed for in the public offering registered in the investors’ book-entry accountsOctober 15, 2021
Trading in the company’s series A shares commenced on the SPAC segment of the Nasdaq Helsinki regulated marketOctober 15, 2021

To consider

FIN-FSA approved the Finnish language prospectus on 4 October 2021.


Offering Circular
Marketing Brochure (in Finnish)
Company presentation October 5, 2021 (In Finnish)
Audited Financial Statements and Auditor’s Report
Agreement for the establishment of the Company (in Finnish)