Nanoecho AbOMXSTO: NANECH

NanoEcho Announces Rights Issue Results, Updates Business Plan

· Issued by Nanoecho Ab

NanoEcho AB (publ) OMXSTO:NANECH:

  • SAID ON MONDAY, ANNOUNCES OUTCOME OF RIGHTS ISSUE OF SHARES AND WARRANTS OF SERIES TO2 OF ABOUT SEK 20.5 MILLION

  • RIGHTS ISSUE SUBSCRIBED TO A TOTAL OF ABOUT 35.1%, OF WHICH ABOUT 29.8% SUBSCRIBED WITH SUPPORT OF UNIT RIGHTS AND ABOUT 5.3% SUBSCRIBED WITHOUT SUPPORT OF UNIT RIGHTS

  • ABOUT 7.1%, CORRESPONDING TO SEK 1.5 MILLION OF THE RIGHTS ISSUE, ALLOCATED TO THE INVESTOR WHO GUARANTEED THE RIGHTS ISSUE

  • RIGHTS ISSUE PROVIDES CO WITH ABOUT SEK 8.65 MILLION BEFORE DEDUCTION FOR ISSUE COSTS AND BEFORE OFFSETTING OF LOANS

  • IN LIGHT OF CONTINUED CHALLENGING INVESTMENT CLIMATE, CO'S BOARD UPDATES THE BUSINESS PLAN

  • UPDATE INVOLVES ADJUSTMENT OF SCHEDULE, WITH APPLICATION FOR MARKET APPROVAL NOW PLANNED FOR H2 2029, COMPARED TO THE PREVIOUS PLAN OF H1 2029

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