Business

Anoto Group AB enters secured convertible loan agreement totaling USD 2.4 million to support execution of business plan

Stockholm, Sweden, 10 October 2025 - Anoto Group AB (publ) (“Anoto” or the “Company”), listed on Nasdaq Stockholm (ticker: ANOT), announces that it has entered into a secured convertible loan agreement in an aggregate principal amount of approximately USD 2.4 million with a group of investors including Achilles Capital AB, Mark Stolkin and Machroes Holdings Ltd. The financing will be used for general corporate purposes to support the execution of Anoto’s business plan. Under the terms of the agr

articleAnoto Group AbOctober 10, 20252/company/anoto-group-ab-1/news/anoto-group-ab-enters-secured-convertible-loan-agreement-totaling-usd-24-million-to-support-execution-of-business-plan-1
Anoto Group AB enters secured convertible loan agreement totaling USD 2.4 million to support execution of business plan

About this update from Anoto Group Ab

[{"type":"image","alt":"Anoto Group AB","displaySize":"","headline":null,"caption":"Anoto Group AB","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":73,"url":"https://media.zenfs.com/en/globenewswire.com/ad54879b02fcbc296f20ed104467442b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_.f7AMU1UarelkiT4WeMUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ad54879b02fcbc296f20ed104467442b","width":300,"height":73}},"lazy":false},{"type":"text","content":"Stockholm, Sweden, 10 October 2025 - Anoto Group AB (publ) (“Anoto” or the “Company”), listed on Nasdaq Stockholm (ticker: ANOT), announces that it has entered into a secured convertible loan agreement in an aggregate principal amount of approximately USD 2.4 million with a group of investors including Achilles Capital AB, Mark Stolkin and Machroes Holdings Ltd. The financing will be used for general corporate purposes to support the execution of Anoto’s business plan.","length":473,"tagName":"p"},{"type":"text","content":"Under the terms of the agreement, the loan will be disbursed in three tranches during October and November 2025. The loan bears interest at eight (8) per cent per annum and matures on 1 October 2027, unless converted earlier in accordance with the conversion terms described below. The Company may prepay the outstanding amount at any time prior to the final repayment date without penalty.","length":390,"tagName":"p"},{"type":"text","content":"Each lender is entitled to convert its outstanding principal and accrued but unpaid interest into newly issued ordinary shares in Anoto at a fixed conversion price of SEK 0.06 per share, applying a fixed SEK/USD exchange rate of 9.46. In addition, all outstanding amounts will be mandatorily converted at the same conversion price upon the occurrence of a qualified equity financing of at least USD 3 million at a subscription price per share of at least SEK 0.12. Any conversion will be carried out in accordance with the Swedish Companies Act and is subject to requisite corporate resolutions, including, where required, shareholder approvals. If necessary to enable issuance at the conversion price, the Company may propose a reduction of the quota value of the share.","length":771,"tagName":"p"},{"type":"text","content":"The loan is secured by a first ranking floating ch...

More updates from Anoto Group Ab

Nasdaq StockholmAnotoAnoto Group ABStockholm, Swedenconversion priceMachroes Holdings Ltd.Achilles Capital ABbridge loan