Navus Ventures invests an initial amount of SEK 2.4 million in Ekobot to support its commercial rollout
The board of directors of
The objective of the decision and the reason for the waiver of shareholder preferential rights is to strengthen the shareholder base with a qualified, financially strong and long-term investor with broad industry expertise. The Company also needs working capital to maintain the expected growth of the ongoing marketing, which will be the use of the product. The Board of Directors believes that a rights issue would take significantly longer to complete and would involve a higher risk of a material adverse effect on the share price, particularly given the difficult market conditions and the fact that a rights issue may not be fully subscribed by shareholders. Further, the costs of a rights issue are not considered to be commensurate with the limited size of the directed share issue. Finally, the Board of Directors attaches great importance to the declared intention of Navus Ventures to accompany the Company in new capitalizations.
Considering the above, the overall assessment of the Board of Directors is that the Realized Issuance of Shares, without preferential right for the existing shareholders, creates the best conditions for the maintenance of the financial stability of the Company in the current market climate and strengthens the shareholder base with a strategically important investor. Overall, the Board of Directors is of the opinion that the directed issuance of shares contributes to the creation of value for all shareholders of the Company and is beneficial to the Company.
“Today’s announcement is one of the company’s most important milestones since its inception. We now have a long-term strategic owner who intends to lead the capitalization of the Company in the future and actively contribute to its development. This gives
“We are very pleased with our decision to assume the role of major shareholder of
Share capital and dilution
The Directed Share Issue increases the total number of shares in