Not for publication, publication or distribution, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, or in any other jurisdiction where publication, publication or distribution of this PRESS RELEASE SHALL BE ILLEGAL, BE SUBJECT TO LEGAL RESTRICTIONS OR SHALL REQUIRE REGISTRATION OR OTHER ACTION.
EKOBOT AB (publ) (“Ekobot” or “the Company”) hereby publishes an information memorandum in connection with the Company's rights issue of units (shares and warrants) of a maximum of approximately SEK 13.6 million (the “Rights Issue”), the subscription period begins on 2 May 2022 The memorandum is available on the Company's website (www.ekobot.se), on Augment Partners AB's offer page (https://offers.augment.se), and on Aqurat Fondkommission AB's website (www.aqurat.se). Registration forms and other information about the Rights Issue will be kept available on the above-mentioned websites in connection with the start of the subscription period.
Motives for the Rights Issue
The rights issue is carried out together with a directed new issue of convertibles to Formue Nord Fokus A / S (the “Convertible Issue”). The purpose of the Rights Issue and the Convertible Issue is to support the beginning of the commercialization phase of autonomous agricultural robots, with first orders in place for the 2022 cultivation season.
• Continue to conduct the operational business consisting of preparations for commercialization (SEK 6.0 million).
• Purchase of additional robot components and other materials (SEK 2.8 million).
• Recruitment of additional staff in sales and marketing (SEK 1.8 million).
• Repayment and conversion of bridge loans The company raised for the purchase of robot components in order to enable the delivery of robots to the customer during the growing season 2022 (SEK 4.0 million).
| 26 april 2022 | Last trading day in the share, including the right to receive unit rights |
| 27 april 2022 | First trading day in the share excluding the right to receive unit rights |
| 28 april 2022 | Record date for the Rights Issue |
| 2 maj – 11 maj 2022 | Trade in unit rights |
| 2 maj – 16 maj 2022 | Subscription period |
| 18 maj 2022 | Estimated date for publication of the outcome of the Rights Issue |
Advisor
Augment Partners AB is the financial advisor and Eversheds Sutherland Advokatbyrå AB is the legal advisor in connection with the Rights Issue.
IMPORTANT INFORMATION
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION CONCERNING AN OFFER TO ACQUIRE OR SUBSCRIB THE SECURITIES ISSUED BY THE COMPANY IN ANY KIND OF ANY JURISDICTION. In a Member State in the European Economic Area ("EEA"), securities referred to in this press release may only be offered in accordance with applicable exceptions in the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 ("Prospectus Regulation"). INVITATION TO INTERESTED PERSONS TO SUBSCRIBE SHARES IN THE COMPANY WILL ONLY BE DONE THROUGH THE INFORMATION MEMORANDUM THE COMPANY PLANS TO PUBLISH BEFORE THE PERFORMANCE ISSUE.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION CONCERNING THE ACQUISITION OR SUBSCRIPTION OF SECURITIES IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN MAY NOT BE SOLD IN THE UNITED STATES WITHOUT REGISTRATION, OR WITHOUT THE APPLICATION OF AN EXEMPTION FROM REGISTRATION, ACCORDING TO THE USSI SECURITIES ACT FROM 1933 ("SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION, COVERED BY AN EXEMPTION FROM, OR IN A TRANSACTION WHICH IS NOT COVERED BY ACCOUNT OF ACCOUNT. THERE IS NO INTENT TO REGISTER ANY SECURITIES MENTIONED HEREIN IN THE UNITED STATES OR TO SUBMIT A PUBLIC OFFER REGARDING SUCH SECURITIES IN THE UNITED STATES. The information in this press release may not be published, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea or any Other jurisdiction in which such publication, publication or distribution of this information would be in violation of the applicable rules or where such a measure is subject to legal restrictions or would require additional registration or measures other than what follows from Swedish law. ACTIONS IN VIOLATION OF THIS INSTRUCTION MAY BREACH APPLICABLE SECURITIES LEGISLATION.
TO THE EXTENT THIS PRESS RELEASE CONTAINS FUTURE STATEMENTS, SUCH STATEMENTS DO NOT REPRESENT FACTS AND ARE CHARACTERIZED BY WORDS THAT "SHOULD", "" EXPECT "," ARE EXPECTED "," EXPECTED ". SUCH STATEMENTS EXPRESS EKOBOT'S INTENTIONS, OPINIONS OR CURRENT EXPECTATIONS OR ASSUMPTIONS. SUCH FUTURE STATEMENTS ARE BASED ON CURRENT PLANS, ESTIMATES AND FORECASTS WHICH EKOBOT HAS MADE TO THE BEST PERFORMANCE BUT WHICH EKOBOT DOES NOT CLAIM WILL BE. FUTURE STATEMENTS ARE COMBINED WITH RISKS AND UNCERTAINTIES THAT ARE DIFFICULT TO PREDICT AND IN GENERAL CANNOT BE AFFECTED BY EKOBOT. IT SHOULD BE KEEPED IN MIND THAT ACTUAL EVENTS OR OUTCOMES MAY SIGNIFICANTLY DIFFERENT FROM WHAT IS COVERED BY, OR EXPRESSED FOR, IN SUCH PRELIMINARY STATEMENTS.
