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Anoto Group AB enters secured convertible loan agreement totaling USD 2.4 million to support execution of business plan
Globenewswire· 2025-10-10 17:00
Core Points - Anoto Group AB has entered into a secured convertible loan agreement totaling approximately USD 2.4 million with a group of investors to support its business plan [1][2] - The loan will be disbursed in three tranches during October and November 2025, bearing an interest rate of 8% per annum and maturing on 1 October 2027 [2] - Lenders can convert the loan principal and accrued interest into shares at a fixed conversion price of SEK 0.06, with mandatory conversion upon a qualified equity financing of at least USD 3 million [3] Financial Terms - The loan is secured by a first ranking floating charge over Anoto AB amounting to SEK 20 million and a share pledge over Anoto AB's shares in KAIT Knowledge AI Holdings Pte. Ltd [4] - The agreement includes negative pledge and indebtedness restrictions, with certain portions of existing convertible investments and bridge loans set off against the new loan [4] Company Overview - Anoto Group AB is a publicly held Swedish technology company known for its digital pen and dot pattern technology, focusing on intelligent pens, paper, and software [6] - The company's core business lines include 'inq' and 'Livescribe' retail products, as well as enterprise workflow solutions, aimed at enhancing productivity and data capture [6] - Anoto is committed to high-quality design, software innovation, and customer experience to drive the next generation of digital writing [6]
Anoto Group AB has raised USD 250,000 pursuant to a second tranche under existing convertible loan agreement
Globenewswire· 2025-06-20 20:00
Core Points - Anoto Group AB has announced the advancement of a second tranche of USD 250,000 under an existing convertible loan agreement [1] - The loan will be repaid in twelve equal monthly installments starting from October 28, 2025, with a final maturity date of October 28, 2026, and will accrue interest at a rate of 10.00% per annum [2] - The lender has the right to convert the outstanding loan amount, including accrued interest, into ordinary shares at a fixed conversion price of SEK 0.15 per share, which is a 66.67% premium to quota value [3] - The loan is secured by a first-ranking floating charge of SEK 20 million over Anoto AB's assets and a share pledge over its shares in KAIT Knowledge AI Holdings Pte. Ltd. [4] Company Overview - Anoto Group AB is a publicly held Swedish technology company known for inventing digital pen and dot pattern technology [6] - The company develops intelligent pens, paper, and software that integrate handwritten input with the digital world, focusing on products like 'inq' and 'Livescribe' [6] - Anoto's smartpens are utilized globally by various users, including students and professionals, to enhance productivity and data capture [6]
Anoto Group AB has entered into a Convertible Loan Agreement to raise USD 750,000.
Globenewswire· 2025-04-29 06:30
Group 1 - Anoto Group AB has entered into a convertible loan agreement with two major shareholders, securing a loan of USD 750,000 to support the launch and marketing of its new digital pen and software platform "INQ" [1][2] - The loan will be repaid in twelve equal monthly installments starting from October 22, 2025, with a final maturity date of October 22, 2026, and will accrue interest at a rate of 10.00% per annum [1][3] - Lenders have the right to convert the loan amount, including accrued interest, into ordinary shares at a fixed conversion price of SEK 0.15 per share, which is a 66.67% premium to quota value [2][3] Group 2 - The loan is secured by a first-ranking floating charge of SEK 20 million over Anoto AB's assets and a share pledge over its shares in KAIT Knowledge AI Holdings Pte. Ltd. [3] - Anoto Group AB is a publicly held Swedish technology company known for its digital pen and dot pattern technology, focusing on intelligent pens, paper, and software that connect handwritten input to the digital world [5] - The company's core business includes 'inq' and 'Livescribe' retail products, as well as enterprise workflow solutions, aimed at enhancing productivity and creativity for users globally [5]