Sivers Semiconductors Approves 7.28 Million Options Plan and Replaces Deloitte With Ernst & Young

Sivers Semiconductors AB approved a P11 stock option plan of up to 7.28 million options, about 2% dilution, and replaced Deloitte AB with Ernst & Young AB as auditor, according to TradingView. The authorizations cover issuing and repurchasing Series C shares to settle plan delivery and social charges.

Sivers Semiconductors Sets P11 Option Terms

The P11 plan carries an exercise price set at 110% of VWAP, which the report describes as out-of-the-money at grant. Vesting and exercise run across years three through six, a longer horizon that delays share issuance. The board authorized a 7.28 million Series C share issue to cover option delivery, and repurchases or transfers to cover payroll taxes. The report states the plan signals retention incentives without performance conditions.

Ernst & Young AB replaced Deloitte AB as auditor. The report states an auditor change can affect investor confidence and reporting oversight. Ernst & Young's U.S. division will pay $100 million in bonuses to employees for human skills such as adaptability and judgment, with individual bonuses reaching $500 and teams up to $25,000, five times the prior cap, 247wallst reported on September 22, 2026.

Sivers Semiconductors Funding and Pipeline Figures

Sivers Semiconductors completed a directed share issue of 8.62 million shares at SEK 14.5 per share in May 2026, raising approximately SEK 125 million from Swedish and international institutional investors, according to akta.pro company records. The same records show full year 2025 net sales of SEK 304.1 million, up 25% year over year, and Q1 2026 net revenue of SEK 61.9 million, a 22% year-over-year decline. The company's opportunity pipeline grew 77% year to date to $799 million by Q1 2026.

Earlier Sivers Semiconductors Governance Steps

Sivers Semiconductors proposed the P11 option program for employees in the US, Scotland, Sweden, India, and China on September 30, 2026, with options granted free and vesting after three years, MarketScreener reported. The CEO could receive up to one million options, and total dilution could reach about 6.1 percent. The company called an extraordinary general meeting in Stockholm for October 22, 2026, The future of trading reported on September 29, 2026. On September 24, 2026, Sivers announced senior leadership changes for its wireless and photonics businesses, including Marc Pegulu joining as Managing Director of Wireless and Harish Krishnaswamy becoming Chief Strategy Officer, PR Newswire reported.

Sivers Semiconductors Meeting Date

The extraordinary general meeting was held in Stockholm on October 22, 2026, the date the option plan and auditor change were approved.