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Anoto Group AB ( (SE:ANOT) ) has issued an announcement.
Anoto Group AB has secured a convertible loan agreement totaling 2.4 million USD with investors to support its business plan. The loan, disbursed in three tranches, carries an 8% interest rate and matures in 2027, with provisions for conversion into shares. This financing is secured by a corporate mortgage and share pledge, aiming to bolster Anoto’s operational and market positioning.
More about Anoto Group AB
Anoto Group AB is a Swedish technology company listed on Nasdaq Stockholm, known for inventing digital pen and dot pattern technology. The company develops smart pens, paper, and software that integrate handwritten input with digital platforms. Anoto’s products, including ‘inq’ and ‘Livescribe,’ are utilized globally to enhance productivity and data collection, with a focus on design, software innovation, and customer experience.
Average Trading Volume: 4,896,961
Technical Sentiment Signal: Sell
Current Market Cap: SEK59.42M
Learn more about ANOT stock on TipRanks’ Stock Analysis page.