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Acconeer receives order in level measurement worth USD 110 000

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The order comes from CODICO and relates to Acconeer’s radar module XM132 for mass production of remote tank level measurement customer products. CODICO GmbH is a leading European distributor, headquartered in Vienna, Austria.

Ted Hansson, CEO, comments: “We are happy to see another volume order for the fast growing level measurement market, where we know we have a strong offering with our high accuracy and low power consumption.”

In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.

Acconeers announces last day of trading in BTA

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Acconeer AB's (“Acconeer” or the “Company”) rights issue (compensation issue) of shares, which was announced on 14 February 2025, has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket).

The last day of trading in BTAs (paid subscribed shares) on Nasdaq First North Growth Market is 22 April 2025 and the stop date with Euroclear Sweden AB will 24 April 2025. The new shares are expected to be booked into each shareholder's VP account/depository account on 28 April 2025.

Through the rights issue, the company raised approximately SEK 25 million before issue costs. Through the rights issue, the number of shares in Acconeer increases by 5,484,249 shares, from 67,637,283 shares to 73,121,532 shares, and the share capital increases by SEK 274,212.45, from SEK 3,381,864.15 to SEK 3,656,076.60.

Advisors
Moll Wendén Advokatbyrå AB is acting as legal advisor to Acconeer AB in connection with the Rights Issue and Eminova Fondkommission AB is acting as issuing agent in connection with the Rights Issue.

Acconeer receives order within level measurement worth USD 125 000

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The order comes from Micro Summit K.K. and is intended for level sensing in tanks with a major Japanese module maker. The order relates to the A121 pulsed coherent radar sensor for mass production.

CEO Ted Hansson comments: “It is great to see a large order in level measurement, which is one of our focus areas and an important market for us. The fact that we get volume orders in our focus areas shows that our go-to-market strategy is starting to give results.”

In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.

Acconeer AB (publ) announces outcome of oversubscribed fully secured rights issue (compensation issue)

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Acconeer AB’s (publ) (“Acconeer” or the “Company”) rights issue of 5,484,249 shares, which, in accordance with the Board of Directors’ proposal on 14 February 2025, was resolved by the Extraordinary General Meeting on 6 March 2025 (the “Rights Issue” or the “Compensation Issue”) has been oversubscribed. The outcome shows that 4 661 353 shares in the Rights Issue, corresponding to approximately 85 per cent of the Rights Issue, have been subscribed for with subscription rights and that 5 075 726 shares have been subscribed for without subscription rights, corresponding to approximately 92.55 per cent of the Rights Issue. Thus, a total of 9 737 079 shares, corresponding to approximately 177.55 per cent of the Rights Issue, have been subscribed for with and without subscription rights. Through the Rights Issue, the Company will receive approximately SEK 25 million before issue costs.

Comment from Ted Hansson, CEO: "It is gratifying to see the strong interest in the share issue and I would like to thank all shareholders for the confidence they have shown in us. With the capital we now have, we can fully focus on executing our strategy."

Outcome of the Rights Issue (compensation issue)
The Extraordinary General Meeting resolved on 6 March 2025, in accordance with the Board of Directors’ proposal, on a rights issue of a maximum of 5,484,249 shares. The outcome shows that 4 661 353 shares in the Rights Issue, corresponding to approximately 85 per cent of the Rights Issue, have been subscribed for with subscription rights and that 5 075 726 shares have been subscribed for without subscription rights, corresponding to approximately 92,55 per cent of the Rights Issue. Thus, a total of 9 737 079 shares, corresponding to approximately 177.55 per cent of the Rights Issue, have been subscribed for with and without subscription rights. Through the Rights Issue, the Company will receive approximately SEK 25 million before issue costs, which will be less than SEK 1 million.

Notification of allotment
Allotment of shares has been made in accordance with the allotment principles described in the terms and conditions of the offer published in connection with the Rights Issue. Notification of any allotment of shares, subscribed for without preferential rights, will be made by sending a settlement note. Settlement notes are expected to be sent out as soon as possible after the end of the subscription period and payment shall be made by bank transfer in accordance with the instructions on the settlement note.

Trading in BTA
Trading in BTA (paid subscribed share) is expected to take place on Nasdaq First North Growth Market until 22 April 2025, when the BTAs will be converted into shares.

Change in number of shares and share capital and dilution
Acconeer announced in a press release on 18 March 2025 that the Company had carried out a directed share issue to the strategic investor Alps Alpine Co., Ltd. (the “Directed Share Issue”). Through the Directed Share Issue, the number of shares in Acconeer increased by 5,482,456 shares, from 62,154,827 shares to 67,637,283 shares, and the share capital increased by SEK 274,122.80, from SEK 3,107,741.35 to SEK 3,381,864.15, resulting in a dilution of approximately 8.1 per cent.

Through the Rights Issue, the number of shares in Acconeer will increase by an additional 5,484,249 shares, from 67,637,283 shares to 73,121,532 shares, and the share capital will increase by SEK 274,212.45, from SEK 3,381,864.15 to SEK 3,656,076.60. For existing shareholders who do not participate in the Rights Issue, this means, at full subscription, an additional dilution effect of approximately 7.5 per cent of the votes and capital in the Company.

The total dilution effect of the Directed Share Issue and the Rights Issue (the “Issues”) amounts to approximately 15 per cent.

Advisors
Moll Wendén Advokatbyrå AB is legal advisor to the Company in connection with the Issues and Eminova Fondkommission AB is issuing agent in connection with the Issues.

Date for publication of interim report for the first quarter postponed to 2025-05-06

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The board of directors of Acconeer AB has decided to postpone the publication of the quarterly report for the first quarter to Tuesday, May 6, 2025.

The reason for the decision is the ongoing rights issue. The report is scheduled to be published on the morning of Tuesday, May 6, 2025.

Last day for subscription in Acconeer’s ongoing rights issue of shares (compensation issue)

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Tomorrow, 1 April 2025, is the last day for subscription in Acconeer AB's (“Acconeer” or the “Company”) ongoing rights issue with preferential rights for existing shareholders (the “Rights Issue” or the “Compensation Issue”) proposed by the Board of Directors on 14 February 2025 and approved by the extraordinary general meeting on 6 March 2025. Please note that certain banks and brokers may have a closing date for subscription in the Rights Issue that is before 1 April 2025. Shareholders should therefore check with their bank or broker if they have an earlier deadline for subscription.

Summary of the Rights Issue

  • One (1) existing share in the Company on the record date 14 March 2025 entitles to three (3) subscription rights. Thirty-four (34) subscription rights entitle to subscription of one (1) new share.
  • The Rights Issue comprises a maximum of 5,484,249 new shares. If the Rights Issue is fully subscribed, Acconeer will receive approximately SEK 25 million before deduction of issue costs.
  • The subscription price in the Rights Issue amounts to SEK 4.56 per share, which corresponds to the closing price of the Company's share on 13 February 2025.
  • The subscription period in the Rights Issue runs from 18 March 2025 to 1 April 2025.
  • Prior to the Rights Issue, the Company has received subscription undertakings totalling approximately SEK 4.28 million, corresponding to approximately 17.12 per cent of the Rights Issue. In addition, the Company has received free of charge bottom guarantee undertakings amounting to approximately SEK 2.0 million, corresponding to approximately 8 per cent of the Rights Issue. In addition, the Company has also received free of charge top guarantee undertakings totalling approximately SEK 18.72 million, corresponding to approximately 74.88 per cent of the Rights Issue. In total, 100 per cent of the Rights Issue is covered by free of charge subscription undertakings and free of charge bottom and top guarantee commitments. Neither the subscription undertakings nor the bottom or top guarantee commitments are secured by bank guarantees, blocked funds, pledges or similar arrangements.

Information memorandum

For complete terms and conditions for the Rights Issue and other information about the Company, please refer to the information memorandum published by the Company on 14 March 2025, which available on the Company's website www.acconeer.com.

Application forms and other relevant information are available on the Company's website and Eminova Fondkommission AB's website www.eminova.se.

Timetable for the Rights Issue

18 March 2025 – 1 April Subscription period
18 March 2025 – 22 April 2025 Trading in paid subscribed shares (BTA)
3 April 2025 Estimated date for announcement of the outcome of the Rights Issue

Counsellors

Moll Wendén Advokatbyrå AB is acting as legal advisor to Acconeer AB in connection with the Rights Issue and Eminova Fondkommission AB is acting as issuing agent in connection with the Rights Issue.

Acconeer receives order within Cargo Tracking worth USD 160 000

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The order comes from Data JCE Electronics Ltd and relates to Acconeer’s A121 Pulsed Coherent Radar sensor for mass production of cargo tracking solutions. It is Acconeer’s first larger order in the cargo tracking segment. Data JCE Electronics Ltd is one of Acconeer’s distributors in the EMEA region.

Magnus Gerward, Business Development Director at Acconeer comments: “It is great to see a first high volume order for the cargo tracking segment, which we expect will become an increasingly important part of our business over the coming years.”

In addition to publicly announced orders, Acconeer continuously receives orders of smaller amounts which are not publicly announced as they are not considered to affect the share price.

Notice of Annual General Meeting 2025 in Acconeer AB (publ)

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The Annual General Meeting of Acconeer AB (publ), reg. no. 556872-7654, (the “Company”) will be held on 29 April 2025 at 17:30, at the Company's office at Västra Varvsgatan 19, in Malmö.

The English text is an unofficial translation. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.

Notification etc.
Those who wish to participate in the annual general meeting must:

  1. be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances as per the record date of 17 April 2025; and
  2. give notice of intent to participate no later than 23 April 2025. Notification shall be made either in writing to Acconeer AB, att: Jenny Olsson, Västra Varvsgatan 19, SE-211 77 Malmö, or by email, info@acconeer.com.

The notice should include full name, personal identification number or corporate registration number, address and daytime telephone number and, where appropriate, information about representative, proxy and assistants. The number of assistants may not be more than two (2). The notification should, where appropriate, be accompanied by proxies, registration certificates and other documents of authority.

In order to be entitled to participate in the meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the annual general meeting, register its shares in its own name so that the shareholder is listed in the share register as of the record date of 17 April 2025. Such re-registration may be temporary (so-called voting rights registration), and a request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such time in advance as decided by the nominee. Voting rights registration that has been made by the nominee no later than the second banking day after 17 April 2025, will be taken into account in the presentation of the share register.

Proxies etc.
If a shareholder is to vote through a proxy, a written, dated and signed proxy by the shareholder must be provided at the general meeting. The proxy may not be older than one (1) year, unless longer validity (maximum of five (5) years) is stated in the proxy. If the proxy is issued by a legal entity, the current registration certificate or equivalent authorisation document for the legal entity must also be provided. To facilitate an easier passing, a copy of the proxy and other documents of authority should be enclosed with the registration for the general meeting. Proxy forms will be kept available on the Company’s website, www.acconeer.com, and at the Company’s head office and will be sent by post to shareholders who contact the Company and state their address.

Proposed agenda

  1. Opening of the meeting.
  2. Election of chairman of the meeting.
  3. Election of one or two persons to approve the minutes.
  4. Preparation and approval of the voting list.
  5. Approval of agenda.
  6. Determination as to whether the meeting has been duly convened.
  7. Presentation of the annual report and the auditor’s report.
  8. Address by the CEO.
  9. Resolution on:
    1. Adoption of the income statement and balance sheet.
    2. Disposition of the Company’s profit or loss according to the established balance sheet.
    3. Discharge from liability of the board of directors and the CEO.
  10. Determination of fees to the board of directors and the auditors.
  11. Election of the board of directors and the auditor.
  12. Closing of the meeting.

Item 2 Election of chairman of the meeting
The board of directors has proposed that attorney-at-law Henric Stråth or, if he is prevented from attending, the person appointed by the board of directors shall be elected chairman of the meeting.

Item 9.B – Resolution on disposition of the Company’s profit or loss
The board of directors has proposed to the 2025 annual general meeting that no dividend is paid and that the funds at the disposal of the general meeting are carried forward.

Item 10 Determination of fees to the board of directors and the auditors
A group of shareholders have proposed that the fees to the board of directors, for the period until the end of the next annual general meeting, be paid out with a total of seventeen (17) price base amounts (Sw. prisbasbelopp), of which five (5) price base amounts to the chairman and three (3) price base amounts each to the other members elected by the annual general meeting who are not employed by the Company.

The board of directors has proposed that the fee to the auditor is to be paid according to approved invoice.

Item 11 Election of the board of directors and the auditor
A group of shareholders have proposed that the number of board members shall be five (5), that the number of auditors shall be one (1), and that no deputy auditors shall be appointed.

A group of shareholders have proposed that the board of directors shall consist of the following members: Lars-Erik Wernersson (re-election), Git Sturesjö Adolfsson (re-election), Thomas Rex (re-election), Henric Stråth (re-election) and Jesper Lindström (new election). It is proposed that Thomas Rex is re-elected chairman of the board.

Jesper Lindström, born 1968, is Director Core Technologies at Axis Communications. He holds a degree in Electrical Engineering from Lund University, and has many years of experience in strategic and technical work in the semiconductor industry, including ASIC development at Ericsson in several different executive roles and as head of hardware development at Flatfrog. From these roles and from the role of Director at Axis Communications, Jesper has gained extensive experience of global cooperation, not least towards the Japanese market, which is important for Acconeer. In addition, he has a broad experience of managing and leading strategic work in artificial intelligence (AI) and machine learning (ML), which will be beneficial for Acconeer's continued development. Jesper Lindström owns no shares in the Company.

Information regarding the proposed members of the board of directors is available on the Company’s website, investor.acconeer.com.

Furthermore, it has been proposed that the registered auditing company KPMG AB is re-elected for the period until the end of the next annual general meeting. KPMG AB has announced that, should the annual general meeting approve the proposal, the authorised public accountant Jonas Nihlberg will be the auditor-in-charge.

Available documents
The complete proposals and other documents that shall be made available prior to the annual general meeting pursuant to the Swedish Companies Act will be made available at the Company and at the Company’s website, www.acconeer.com, at least three weeks prior to the annual general meeting. The documents will also be sent free of charge to shareholders who so request and provide their address to the Company. In other respects, the board of directors’ complete proposals for resolutions are stated in the notice.

Information at the annual general meeting
Shareholders present at the annual general meeting have the right to request information in accordance with Chapter 7, Section 32 of the Swedish Companies Act (2005:551).

Shareholders who wish to submit a question in advance can do so by mail to Jenny Olsson at the address Acconeer AB, Att: “AGM 2025” Västra Varvsgatan 19, SE-211 77 Malmö or by email to info@acconeer.com. Submissions should include the name of the shareholder including such shareholder’s personal or organisation number. It is also recommended that the submission includes the shareholder’s postal address, email address and telephone number.

Shares and votes in the Company
The total number of shares and votes in the Company amount to 67,637,283, as per the date of this notice. The Company does not hold any own shares.

Processing of personal data
For information on how your personal data is processed, the Company refers to the integrity policy available on Euroclear Sweden AB’s website https://www.euroclear.com/dam/ESw/Legal/ES_PUA_Privacy_notice_bolagsstammor.pdf.

____________

Malmö in March 2025
Acconeer AB
The Board of Directors

Acconeer publishes annual report for 2024

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Acconeer AB's annual report for 2024 is from today available on the company's website, investor.acconeer.com.

In order to reduce environmental impact and cost, Acconeer AB will not print the annual report for general distribution. A printed version of the report can be distributed to shareholders upon request.

As previously communicated, the Annual General Meeting will be held on Tuesday, 29 April 2025. More information will be included in the notice concerning the AGM.

https://www.acconeer.com/investor_page/home/financial-reports/

Acconeer AB (publ) announces that the directed share issue to Alps Alpine of approximately SEK 25 million is completed

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NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, JAPAN, BELARUS, RUSSIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Acconeer AB’s (publ) (“Acconeer” or the “Company”) new share issue, comprising of 5,482,456 shares, directed to the strategic investor Alps Alpine Co., Ltd. (“Alps Alpine”), which, in accordance with the Board of Directors’ proposal on 14 February 2025, was resolved by the extraordinary general meeting on 6 March 2025 (the “Directed Share Issue”), has, in accordance with subscription agreement, been fully subscribed and allotted. Through the Directed Share Issue, the Company will receive approximately SEK 25 million before issue costs.

The Directed Share Issue

The extraordinary general meeting resolved on 6 March 2025, in accordance with the Board of Directors’ proposal, on a directed share issue of a maximum of 5,482,456 shares. The existing shareholder Alps Alpine was entitled to subscribe for the Directed Share Issue. The reason why the Directed Share Issue was directed to an existing shareholder is that the shareholder has expressed and shown a long-term interest in and commitment to the Company, which, according to the Board of Directors, creates security and stability for both the Company and its shareholders. Alps Alpine is a strategically important investor, and without Alps Alpine it would not have been possible for the Company to secure the financing of the A2 project, i.e the development of next-generation radar sensor, the A2, which will open up new, advanced applications and commercial opportunities.

All 5,482,456 shares in the Directed Share Issue have been subscribed for and allotted. The subscription price was set after arm's length negotiations between the Company and Alps Alpine at SEK 4.56 per share, which corresponds to the closing price of the Company’s share on 13 February 2025. Through the Directed Share Issue, the Company will raise approximately SEK 25 million before issue costs.

Rights issue (compensation issue)

As part of the agreement with Alps Alpine and to compensate the shareholders who did not participate in the Directed Share Issue, the extraordinary general meeting resolved, in accordance with the Board of Directors’ proposal, on a fully secured rights issue of a maximum of 5,484,249 shares which, upon full subscription, will provide the Company with approximately SEK 25 million before deduction of issue costs (the “Rights Issue” or the Compensation Issue”). One (1) existing share in the Company on the record date, 14 March 2025, entitles to three (3) subscription rights. Thirty-four (34) subscription rights entitle to subscription of one (1) new share. The subscription period in the Rights Issue runs from 18 March 2025 up to and including 1 April 2025.

For full terms and conditions of the Rights Issue as well as information about the Company, please refer to the information memorandum published by the Company on 14 March 2025, which is available on the Company's website www.acconeer.com.

Subscription forms and other relevant information will be available on the Company's website and Eminova Fondkommission AB's website www.eminova.se.

Timetable for the Rights Issue

18 March 2025 – 27 March 2025 Trading in subscription rights
18 March 2025 – 1 April 2025 Subscription period
18 March 2025 – 22 April 2025 Trading in paid subscribed shares (BTA)
3 April 2025 Estimated date of announcement of the outcome of the Rights Issue

Change in number of shares and share capital and dilution

Through the Directed Share Issue, the number of shares in Acconeer increases by 5,482,456 shares, from 62,154,827 shares to 67,637,283 shares, and the share capital increases by SEK 274,122.8, from SEK 3,107,741.35 to SEK 3,381,864.15, resulting in a dilution of approximately 8.1 per cent.

Through the Rights Issue, the number of shares in Acconeer will increase by a maximum of 5,484,249 shares, from 67,637,283 shares to 73,121,532 shares, and the share capital will increase by a maximum of SEK 274,212.45, from SEK 3,381,864.15 to SEK 3,656,076.60. For existing shareholders who do not participate in the Rights Issue, this means, at full subscription, an additional dilution effect of approximately 7.5 per cent of the votes and capital in the Company.

The total dilution effect, if both the Directed Share Issue and the Rights Issue are fully subscribed, amounts to approximately 15 per cent.

Advisors

Moll Wendén Advokatbyrå AB is legal advisor to the Company in connection with the Directed Share Issue and Eminova Fondkommission AB is issuing agent in connection with the Directed Share Issue.