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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 publishes its annual report for 2024 and corrects for changes in the results as reported in the year-end report
Globenewswire· 2025-04-30 21:30
Core Viewpoint - Anoto Group AB has published its annual report for 2024, correcting previously reported results and showing an improvement in total comprehensive income for the year [1][2]. Financial Results - The total comprehensive income for 2024 improved by 299 KSEK, changing from -49,206 KSEK to -48,907 KSEK, due to an increase in net sales from 29,770 KSEK to 30,069 KSEK [2]. - Changes in cost classifications include a one-time write-down of inventory components, reclassification of intercompany interest, and adjustments in the presentation of undeposited funds from a share issue [3][4]. Parent Company Adjustments - The parent company reported a write-down of 40.1 MSEK on its participation in Anoto AB and an additional 125.3 MSEK in receivables from subsidiaries, with no impact on the Group's consolidated results [5]. Board and Reporting - Adrian Weller was not a board member during the reporting period and cannot verify the financial statements from personal experience, relying instead on management representations and the auditor's report [6]. 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 to enhance productivity and data capture [7].