Thomas Rex, Chairman of the Board of Acconeer, comments: “I am proud and pleased with Acconeer’s progress and look to the future with optimism. With this share issue, we are well positioned to capture the significant opportunities we see with our new sensor and larger customers. To a great extent our products contribute to the sustainable development of society, which is important to Acconeer, and we are therefore very pleased to welcome Eiffel, which is known for investing long term in sustainable companies.”
Laurent Inglebert, Director at Eiffel Investment Group, comments: “As a specialist in financing the growth of innovative European SMEs, Eiffel Investment Group’s Innovation team is keen to participate in this bespoke capital increase. This transaction provides the company with additional resources to support the execution of its technical and commercial development strategy in the promising motion detection sector. We are pleased to support Acconeer at this key stage of its growth journey.”
Background and motive
Acconeer develops energy-efficient radar sensors that enable advanced detection and measurement in applications where precision, low power consumption and miniaturization are critical. The Company’s technology is used in rapidly growing markets such as the automotive industry, industrial applications, IoT and consumer electronics, with applications ranging from level and presence detection to in-cabin solutions and intelligent sensor systems. The proceeds from the Directed Share Issue will be used to strengthen sales, technical support and algorithm development, with the aim of accelerating the rollout of the Company’s new sensor and managing larger customers. A small portion of the proceeds will be used to manage increasing volumes.
The Directed Share Issue
The Directed Share Issue comprises 3,020,000 shares and is subject to subsequent approval by a general meeting. The subscription price corresponds to a premium of approximately 2.1 percent compared to the closing price of the Company’s share on Nasdaq First North Growth Market 30 January 2026. The subscription price has been determined through arm’s length negotiations between Eiffel and the Company, in consultation with the Company’s financial adviser and based on an analysis of a number of market factors. The Board of Directors’ overall assessment is therefore that the subscription price is at market terms. Through the Directed Share Issue, the Company will receive approximately SEK 31.7 million before transaction costs.
To facilitate the completion of the Directed Share Issue, the shares have been subscribed by Nordic Issuing AB in its capacity as issuing agent at an amount of SEK 151,000.00, corresponding to the shares’ quota value, for subsequent transfer to Eiffel at a price per share of SEK 10.50, which is ultimately reported to the Company.
The Board of Directors intends to convene an extraordinary general meeting on 19 February 2026 to resolve on approval of the Board of Directors’ resolution regarding the Directed Share Issue. Notice of the extraordinary general meeting will be published through a separate press release.
The Board of Directors’ considerations
The Board of Directors’ decision to carry out the Directed Share Issue, and to deviate from the shareholders’ preferential rights, is based on an overall assessment of the Company’s capital need and available financing alternatives. As described above, an important purpose of the Directed Share Issue is to accelerate the Company’s growth. The Board of Directors has carefully analyzed the possibility of raising this growth capital through a rights issue, but has concluded that a directed share issue at this stage is more appropriate and better serves both the Company’s and the shareholders’ interests, in particular as the Directed Share Issue can be carried out on favorable terms and provides the Company with a new strong institutional shareholder.
The Board of Directors further considers that the reasons for deviating from the shareholders’ preferential rights are well justified, as the Directed Share Issue, inter alia, (i) enables a more flexible and time-efficient capital raising process, which reduces the Company’s exposure to adverse market conditions and the risk of negative share price impact that may result from a prolonged issue process, (ii) reduces the need for external guarantee commitments and thereby also costs attributable to any guarantee fees, and (iii) contributes to broadening and strengthening the Company’s shareholder base through the addition of a new shareholder with significant strategic value for the Company’s continued development.
In light of the above, the Board of Directors’ overall assessment is that there are objective and compelling reasons to deviate from the main principle of shareholders’ preferential rights and that the Directed Share Issue is, overall, considered to be value-creating for the Company and all its shareholders.
Number of shares, share capital and dilution
Through the Directed Share Issue, the Company’s share capital will increase by SEK 151,000.00, from SEK 3,656,076.60 to SEK 3,807,076.60, through the issue of 3,020,000 new shares, resulting in the total number of shares increasing from 73,121,532 shares to 76,141,532 shares and entailing a dilution of approximately 3.97 percent of the votes and capital for existing shareholders.
Advisers
Sedermera Corporate Finance AB is acting as Sole Bookrunner and Moll Wendén Advokatbyrå AB is acting as legal adviser to the Company in connection with the Directed Share Issue. Nordic Issuing AB is acting as issuing agent.
