Skip to main content

Acconeer AB (publ) publishes information memorandum in connection with upcoming rights issue (compensation issue)

By

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.

The Board of Directors of Acconeer AB (publ) (”Acconeer” or the ”Company”) has, in connection with the rights issue of shares of approximately SEK 25 million proposed by the Board of Directors on 14 February 2025 and resolved by the extraordinary general meeting held on 6 March 2025 (the ”Rights Issue”), prepared an information memorandum (the ”Memorandum”). The Memorandum is available in Swedish on the Company's website (www.acconeer.com).

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. Upon full subscription in the Rights Issue, Acconeer will receive approximately SEK 25 million before deduction of issue costs.
  • The subscription price in the Rights Issue is 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 and including 18 March 2025 up to and including 1 April 2025.
  • In order not to lose the value of the subscription rights, the holder must either sell the subscription rights received that are not intended to be utilized for subscription of shares no later than 27 March 2025, or exercise the received subscription rights and subscribe for new shares no later than 1 April 2025.
  • The Company intends to use the proceeds from the Rights Issue to finance: (i) mainly the finalisation of the next generation radar sensor, A2, (ii) the commercialisation of A2 in new markets, development in new applications outside the automotive industry and (iiii) efforts with the aim of increasing sales and other business purposes.
  • 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.

For full terms and conditions of the Rights Issue and other information about the Company, please refer to the published Memorandum.

The Memorandum

The Memorandum has been prepared in connection with the forthcoming Rights Issue and has today, 13 March 2025, been made available in Swedish on the Company's website (www.acconeer.com).

The Memorandum is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the ”Prospectus Regulation”) and has not been approved or reviewed by any regulatory authority in any jurisdiction. The Memorandum does not constitute a document in the form prescribed in Annex IX of the Prospectus Regulation.

Preliminary timetable for the Rights Issue

14 March 2025 Record date for entitlement to participate in 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

Advisors

Moll Wendén Advokatbyrå AB is 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.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Important information
The publication, release or distribution of this press release in certain jurisdictions may be restricted by law and persons in the jurisdictions in which this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities issued by the Company in any jurisdiction in which such offer or solicitation would be unlawful.
 
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved or reviewed by any regulatory authority in any jurisdiction. This press release does not constitute a document in the form prescribed in Annex IX of the Prospectus Regulation.

Within the European Economic Area (“EEA”), no offer of shares, warrants or other securities (“Securities”) is made to the public in any country other than Sweden. In other member states of the European Union (“EU”), such an offer of Securities may only be made in accordance with the exemptions in the Prospectus Regulation (EU) 2017/1129. In other countries in the EEA that have implemented the Prospectus Regulation in national legislation, such an offer of Securities may only be made in accordance with the exemptions in the Prospectus Regulation and in accordance with any relevant implementing measure. In other countries in the EEA that have not implemented the Prospectus Regulation in national legislation, such an offer of Securities may only be made in accordance with the applicable exemption in the national legislation.

This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Hong Kong, New Zealand, South Africa, South Korea, Switzerland, Singapore, Japan, Russia, Belarus or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions in violation of this instruction may constitute a violation of applicable securities legislation.

In the United Kingdom, this press release and any other materials in relation to the securities referred to herein is only being distributed to, and is only directed at, and any investment or investment activity to which this press release relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth persons as referred to in Article 49(2)(a) to (d) of the Order (all such persons are collectively referred to as “relevant persons”). Any investment or investment activity to which this communication relates is available in the United Kingdom only to relevant persons and will be engaged in only with relevant persons. Persons who are not relevant persons should not take any action based on this announcement or act or rely on it.

This press release does not identify or purport to identify any risks (direct or indirect) that may be associated with an investment in new shares. This press release does not constitute an invitation to underwrite, subscribe or otherwise acquire or transfer securities in any jurisdiction. This press release does not constitute a recommendation for any investor's decision regarding the Compensation Issue. Each investor or potential investor should conduct its own investigation, analysis and evaluation of the business and information described in this press release and any publicly available information. The price and value of the securities may go down as well as up and past performance is not a guide to future results. Neither the contents of the Company's website nor any other website accessible through hyperlinks on the Company's website are incorporated into or form part of this press release.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified using words such as “believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”, “may”, “anticipates”, “should”, “could” and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or the rules of Nasdaq First North Growth Market.

Attachments
Acconeer AB (publ) publishes information memorandum in connection with upcoming rights issue (compensation issue)

Acconeer AB (publ) publishes information memorandum in connection with upcoming rights issue (compensation issue)
2025-03-14

Bulletin from the extraordinary general meeting of Acconeer AB (publ) on 6 March 2025

By

Acconeer AB (publ) held an extraordinary general meeting on 6 March 2025. At the meeting, the following main resolutions were made.

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.

Resolution regarding the Board's proposal for a resolution on a directed share issue

The extraordinary general meeting resolved, in accordance with the Board of Directors' proposal, on a directed share issue consisting of a maximum of 5,482,456 shares, entailing an increase in the share capital of a maximum of SEK 274,122.8.

The right to subscribe for shares shall only, with deviation from the shareholders' preferential rights, be granted to Alps Alpine Co. Ltd. with a total 5,482,456 number of shares. The subscription price has, after arm's length negotiations between the company and Alps Alpine, been set at SEK 4.56 per share, which corresponds to the closing price of the company's share on 13 February 2025. Subscription for the newly issued shares shall be made on a separate subscription list no later than 31 March 2025. The Board of Directors has the right to extend the subscription period and the time for payment.

Resolution regarding the Board of Directors' proposal for a resolution on a share issue with preferential rights for the company's existing shareholders

The Extraordinary General Meeting resolved, in accordance with the Board of Directors' proposal, to issue a maximum of 5,484,249 new shares, increasing the share capital by a maximum of SEK 274,212.45.

The right to subscribe for the new shares shall be granted with preferential rights to the shareholders in proportion to the number of shares they already own, whereby one (1) existing share shall entitle to three (3) subscription rights and thirty-four (34) subscription rights shall entitle to subscription of one (1) new share. The subscription price shall be SEK 4.56 per share. The subscription period runs from 18 March 2025 to 1 April 2025. The Board of Directors has the right to extend the subscription and payment period.
__________

For more detailed information on the content of the resolutions, please refer to the press release published on 14 February 2025 and the full notice of the extraordinary general meeting. The notice of the extraordinary general meeting and the complete proposals regarding the resolutions of the extraordinary general meeting are available on the Company's website, www.acconeer.com.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Bulletin from the extraordinary general meeting of Acconeer AB (publ) on 6 March 2025

Bulletin from the extraordinary general meeting of Acconeer AB (publ) on 6 March 2025
2025-03-06

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

By

Acconeer AB (publ), org.nr 556872-7654, (the “Company”) will hold an extraordinary general meeting on 6 March 2025 at 13.00, at the Company's office at Västra Varvsgatan 19, 211 77 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.
Anyone wishing to participate at the meeting shall:

  1. Be listed as a shareholder in the share register maintained by Euroclear Sweden AB as of the record date, which is 26 February 2025, and
  2. Give notice of the intent to participate at the meeting no later than 28 February 2025. Registration is made by post to Acconeer AB, att: Jenny Olsson, Västra Varvsgatan 19, 211 77 Malmö, or by e-mail, info@acconeer.com.

The notification shall state full name, personal or corporate identity number, shareholding, address, daytime telephone number and, where applicable, details of deputies, representatives and assistants. The number of advisors may not exceed two (2). The notification should, where applicable, be accompanied by powers of attorney, registration certificates and other documents of authority.

In order to be entitled to participate at the meeting, a shareholder whose shares are registered in the name of a nominee, through a bank or other nominee, must, in addition to giving notice of attendance at the meeting, register the shares in its own name with Euroclear Sweden AB so that the shareholder is entered in the share register as of 26 February 2025. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee in accordance with the nominee's routines in such time in advance as the nominee determines. Voting rights registrations made no later than the second business day after 26 February 2025 will be taken into account in the preparation of the share register.

Proxies
If a shareholder is to be represented by a proxy, the proxy must bring a written, dated power of attorney signed by the shareholder to the meeting. The power of attorney may not be older than one (1) year, unless a longer period of validity (however, no longer than five (5) years) has been specified in the proxy. If the power of attorney is issued by a legal entity, the proxy must also bring the current registration certificate or equivalent authorisation document for the legal entity. To facilitate registration, a copy of the power of attorney and other authorisation documents should be attached to the notification to attend the meeting. A template proxy form will be 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 who shall approve the minutes of the meeting.
  4. Preparation and approval of the voting list.
  5. Approval of the agenda.
  6. Determination of whether the meeting has been duly convened.
  7. Resolution regarding the Board's proposal for a resolution on a directed share issue.
  8. Resolution regarding the Board of Directors' proposal for a resolution on a share issue with preferential rights for the company's existing shareholders.
  9. Closing of the meeting.

Item 2 – Election of chairman of the meeting
The Board of Directors has proposed that Henric Stråth or, in his absence, the person designated by the Board of Directors, be elected chairman of the meeting.

Item 7 – Resolution regarding the Board's proposal for a directed share issue
The Board of Directors of Acconeer AB proposes that the extraordinary general meeting resolves on a directed share issue of a maximum of 5,482,456 shares, entailing an increase in the share capital of a maximum of SEK 274,122.8.

The decision shall otherwise be subject to the following conditions.

  1. The right to subscribe for the new shares shall only, with deviation from the shareholders' preferential rights, be granted to the existing and strategically important shareholder Alps Alpine Co., Ltd. with a total 5,482,456 number of shares. The reasons for the deviation from the shareholders' preferential rights and that the directed share issue is directed to an existing shareholder are as follows. Prior to the decision to propose the directed share issue, the Board of Directors has carefully investigated and considered alternative financing options, including raising capital solely through a rights issue. However, after an overall assessment and careful consideration, the Board of Directors considers that a share issue carried out with deviation from the shareholders' preferential rights in combination with a rights issue is a more favourable alternative for the Company and the Company's shareholders than an isolated rights issue and that it is objectively in the interest of both the Company and its shareholders to carry out the directed share issue. The Board of Directors has considered, inter alia, the following.
    1. Alps Alpine is an existing shareholder in the company and an important partner. The reason why the directed share issue is directed to an existing shareholder in the company is that it 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 for the A2 project. At the same time, other shareholders are given the opportunity to subscribe for shares on the same terms through the rights issue.
    2. The Company is in an important phase and has a need for financing to secure its long-term operations. A more extensive and isolated rights issue would require significantly more time and resources to implement and also entail a higher risk of negative impact on the share price, especially in light of the current volatile and challenging market conditions. From a shareholder perspective, an isolated rights issue thus entails a risk of a negative effect on the share price compared to a directed share issue in combination with a rights issue.

In light of the above, the Board of Directors' overall assessment is that the reasons for carrying out a directed share issue in combination with a rights issue outweigh the reasons for carrying out a more extensive isolated rights issue, and that the directed share issue to Alps Alpine is therefore in the interest of both the company and all its shareholders.

  1. Prior to the decision on the directed share issue, the Board of Directors has emphasised that the subscription price shall be on market terms in relation to the current share price. The subscription price has, after arm's length negotiations between the company and Alps Alpine, been set at SEK 4.56 per share, which corresponds to the closing price of the company's share on 13 February 2025. In light of this, the Board of Directors makes the assessment that the subscription price is on market terms and reflects the demand for the company's shares. The share premium shall be added to the unrestricted share premium reserve.
  2. Subscription of the newly issued shares shall be made on a separate subscription list no later than 31 March 2025. Oversubscription is not possible. Payment for the subscribed shares shall be made no later than 31 March 2025. The Board of Directors has the right to extend the subscription period and the time for payment.
  3. The new shares shall entitle to dividends as of the record date for the dividend decided immediately after the new shares have been registered with the Swedish Companies Registration Office and entered in the share register maintained by Euroclear Sweden AB.

The Board of Directors also proposes that the Board of Directors, or the person appointed by the Board of Directors, shall be entitled to make the minor changes to the resolution of the extraordinary general meeting that may be required in connection with registration with the Swedish Companies Registration Office, Euroclear Sweden AB or for other administrative reasons.

A resolution in accordance with this proposal shall only be valid where supported by not less than two-thirds of both votes cast and the shares represented at the extraordinary general meeting.

Item 8 – Resolution regarding the Board of Directors' proposal for a share issue with preferential rights for existing shareholders
The Board of Directors of Acconeer AB proposes that the extraordinary general meeting resolves on a rights issue of a maximum of 5,484,249 shares, entailing an increase in the share capital of a maximum of SEK 274,212.45.

The decision shall otherwise be subject to the following conditions.

  1. The right to subscribe for the new shares shall be granted with preferential rights to the shareholders in proportion to the number of shares they already own, whereby 1 existing share shall entitle to 3 subscription rights and 34 subscription rights shall entitle to subscription of 1 new share.
  2. The record date for determining which shareholders are entitled to subscribe for new shares with preferential rights (i.e. to receive subscription rights) shall be 14 March 2025.
  3. The subscription price shall be SEK 4.56 per share. The share premium shall be added to the unrestricted share premium reserve.
  4. Subscription of shares with preferential rights (i.e. with subscription rights) shall be made by simultaneous cash payment during the period from 18 March 2025 up to and including 1 April 2025. The Board of Directors has the right to extend the subscription and payment period
  5. Subscription of shares without preferential rights (i.e. without subscription rights) shall be made on a special subscription list during the period from 18 March 2025 up to and including 1 April 2025, or, with respect to subscription by any underwriters in accordance with item 6 below, no later than three (3) banking days thereafter. Payment for shares subscribed for without preferential rights (i.e. without subscription rights) shall be made in cash in accordance with the instructions on the contract note, however, no later than three (3) banking days from the dispatch of the contract note. The Board of Directors is entitled to extend the subscription and payment period.
  6. In the event that all shares are not subscribed for with subscription rights, the Board of Directors shall, within the limit of the maximum amount of the rights issue, decide on the allotment of shares subscribed for without subscription rights, whereby allotment shall be made as follows.
    1. Firstly, allotment shall be made to those who have subscribed for shares with subscription rights (regardless of whether they were shareholders on the record date or not) and who have expressed an interest in subscribing for shares without subscription rights and, in the event that allotment to these cannot be made in full, allotment shall be made pro rata in relation to the number of subscription rights that each of those who have expressed an interest in subscribing for shares without subscription rights have exercised for subscription of shares.
    2. Secondly, allotment shall be made to others who have subscribed for shares in the rights issue without subscription rights and, in the event that allotment to these cannot be made in full, allotment shall be made pro rata in relation to the total number of shares for which the subscriber has applied for subscription.
    3. Thirdly, allotment shall be made to those who have provided guarantee commitments regarding subscription of shares, in proportion to such guarantee commitments. If allotment at any stage according to the above cannot be made pro rata, allotment shall be made by drawing lots.
  7. The new shares entitle to dividends for the first time on the record date for dividends that occurs immediately after the new shares are entered in the share register maintained by Euroclear Sweden AB.

The Board of Directors also proposes that the Board of Directors, or the person appointed by the Board of Directors, shall be entitled to make the minor changes to the resolution of the extraordinary general meeting that may be required in connection with registration with the Swedish Companies Registration Office, Euroclear Sweden AB or for other administrative reasons.

Documentation
The complete proposals for resolutions and other documents to be provided prior to the extraordinary general meeting in accordance with the Swedish Companies Act will be made available at the Company and on the Company's website, www.acconeer.com, at least two weeks prior to the date of the extraordinary general meeting and will be sent free of charge to shareholders who so request and provide their postal address. In other respects, the board of directors' complete proposals for resolutions are set out in the notice.

Information at the extraordinary general meeting
The Board of Directors and the managing director shall, if any shareholder so requests and the Board of Directors considers that it can be done without material harm to the Company, provide information on circumstances that may affect the assessment of an item on the agenda.

Shareholders who wish to submit questions in advance may do so by mail to Jenny Olsson with the address Acconeer AB, Att: “Extraordinary General Meeting”, Västra Varvsgatan 19, 211 77 Malmö or by e-mail to info@acconeer.com. Submitted questions should include the shareholder's name including the shareholder's personal or organisation number. It is also recommended that submitted questions include the shareholder's postal address, e-mail address and telephone number.

Number of shares and votes in the Company
The total number of shares and votes in the Company as of the date of this notice amounts to 62,154,827.

Processing of personal data
For information on how your personal data is processed, please refer to the privacy policy available on the Euroclear website
https://www.euroclear.com/dam/ESw/Legal/ES_PUA_Privacy_notice_bolagsstammor.pdf.

____________

Malmö in February 2025
Acconeer AB
The Board of Directors

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Notice of Extraordinary General Meeting 2025 in Acconeer AB (publ)

Notice of Extraordinary General Meeting 2025 in Acconeer AB (publ)
2025-02-14

Year-end report January 1 – December 31 2024

By

In the fourth quarter 2024, Acconeer's net sales amounted to 10,3 MSEK, and for the full year the net sales was 51,3 MSEK, which is an increase of 44% compared to 2023. In agreement with customer, 4,4 MSEK of the previously communicated prepaid order was postponed to Q1 to utilize the new test partner that was qualified in the quarter. After the quarter it was announced that the board of directors propose a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million

CEO Ted Hansson comments: “The automotive industry is probably the largest identified market for our products. Alps Alpine is a global tier-1 supplier to the automotive industry known for innovation and high quality, who has the possibility to compare us with all competitors. The fact that they choose to enter into a directed issue and thereby continue to show their strong confidence in Acconeer as a company, our technology and market is a statement of strength.”

FOURTH QUARTER

  • Net sales for the fourth quarter amounted to kSEK 10,280 (10,612).
  • The gross margin on sales of goods was 40 (60) % (before inventory adjustment 62 (60)%).
  • Result after taxes amounted to kSEK -7,992 (-11,289).
  • Earnings per share before and after dilution was SEK -0.13 (-0.42).
  • The cash flow from operating activities was kSEK -4,890 (-9,846).

FULL YEAR

  • Net sales for the full year amounted to kSEK 51,320 (35,522).
  • The gross margin on sales of goods was 56 (62) % (before inventory adjustment 60 (62)%).
  • Result after taxes amounted to kSEK -31,479 (-46,504).
  • Earnings per share before and after dilution was SEK -0.60 (-1.76).
  • The cash flow from operating activities was kSEK -28,984 (-37,276).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 53,757 (38,653).

SIGNIFICANT EVENTS DURING THE FOURTH QUARTER

  • No significant events during the fourth quarter.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Acconeer signed a worldwide franchise deal with Future Electronics.
  • The Board of Directors of Acconeer AB proposed a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million.

The report is attached to this press release and available through Acconeer's website: https://www.acconeer.com/investor_page/home/financial-reports/.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-14 07:45 CET.

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer Q4 2024 en

Acconeer Q4 2024 en
2025-02-14

The Board of Directors of Acconeer AB (publ) proposes a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million

By

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.

The Board of Directors of Acconeer AB (publ) (“Acconeer” or the “Company”) has today, 14 February 2025, resolved to propose that an extraordinary general meeting (the “Extraordinary General Meeting”) resolves to carry out a directed share issue of approximately SEK 25 million (the “Directed Share Issue”). The Directed Share Issue is directed to the existing and strategically important shareholder Alps Alpine Co., Ltd. (“Alps Alpine”). As part of the agreement with Alps Alpine and to compensate the shareholders who do not participate in the Directed Share Issue, the Board of Directors has decided to propose that the Extraordinary General Meeting resolves on a rights issue, which at full subscription would provide the Company with approximately SEK 25 million before deduction of issue costs (the “Compensation Issue”). The existing shareholders BGA Invest AB, Sifonen Aktiebolag, Lars-Erik Wernersson AB, Thomas Rex (chairman of the board) and Björn Bengtsson (CFO) have provided subscription commitments of approximately SEK 4.28 million in total, corresponding to approximately 17.12 per cent of the Compensation Issue. In addition, the Company has received underwriting commitments, free of charge, from BGA Invest AB, Sifonen Aktiebolag, Thomas Rex and Ted Hansson (CEO) amounting to a total of approximately SEK 2.0 million, corresponding to approximately 8.0 per cent of the Compensation Issue. BGA Invest AB, Sifonen Aktiebolag, Thomas Rex, Ted Hansson, Björn Bengtsson and Lars-Erik Wernersson AB have also entered into top guarantee commitments free of charge amounting to a total of approximately SEK 18.72 million, corresponding to approximately 74.88 per cent of the Compensation Issue. In total, 100 per cent of the Compensation Issue is thus covered by subscription commitments and free of charge bottom and top guarantee commitments. Alps Alpine has, through a subscription undertaking, undertaken to, provided that the Company completes the fully secured Compensation Issue, subscribe for the shares in the Directed Share Issue and to vote in favour of the Directed Share Issue and the Compensation Issue at the Extraordinary General Meeting. Notice of the Extraordinary General Meeting will be published through a separate press release.

Summary of the Directed Issue and the Compensation Issue

  • The Directed Issue comprises of a maximum of 5,482,456 shares and is directed to Alps Alpine. Upon full subscription in the Directed Issue, Acconeer will receive approximately SEK 25 million before deduction of issue costs. The subscription price in the Directed Issue is SEK 4.56 per share, which corresponds to the closing price of the Company's share on 13 February 2025.
  • The right to subscribe for the new shares shall, with preferential rights, be granted to shareholders in proportion to the number of shares they already own, whereby one (1) existing share shall entitle the holder to three (3) subscription rights, and thirty-four (34) subscription rights shall entitle the holder to subscribe for one (1) new share.
  • The Compensation Issue comprises a maximum of 5,484,249 shares. Upon full subscription in the Compensation Issue, Acconeer will receive approximately SEK 25 million before deduction of issue costs.
  • The last day of trading in Acconeer's shares including the right to receive subscription rights in the Compensation Issue is 12 March 2025. The shares are traded excluding the right to receive subscription rights in the Compensation Issue from 13 March 2025.
  • The subscription price in the Compensation Issue is 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 Compensation Issue runs from 18 March 2025 to 1 April 2025.
  • The Compensation Issue is covered by subscription undertakings of approximately 17.12 per cent and free of charge bottom and top guarantee undertakings of approximately 8.0 and 74.88 per cent respectively. In total, 100 per cent of the Compensation Issue is thus covered by subscription undertakings and free of charge bottom and top guarantee commitments.
  • The full terms and conditions of the Compensation Issue, including further information about the Company, will be available in an information memorandum expected to be published on or around 11 March 2025 (the “Information Memorandum”).

Background and motives

Acconeer's self-developed radar technology offers a unique combination of precision, power consumption and size. The company launched its first radar sensor in 2018 and has since then sold over three million units, including more than one million in the last 12 months. The company is in the final stages of developing its next-generation radar sensor, the A2, which will open up new, advanced applications and commercial opportunities.

Acconeer made significant progress last year, both in product development and commercially:

  1. A number of new design wins in the automotive sector, in total the Company has now communicated design wins with an estimated value of USD 74 million 2024-2032.
  2. Mass production of the first cars with presence detection based on Acconeer radar technology.
  3. An updated go-to-market strategy and organisation was launched with a clear focus in four product areas, where the Company has a strong offering and sees opportunities to obtain larger customers. In all these areas, concrete progress is already visible, with strengthened key relationships, improved product offerings and a stronger sales pipeline. The company recruited sales representatives in key markets and signed agreements with major distributors to accelerate design-in work with high-volume customers.
  4. In December, the chip design for the production variant of the A2 was finalised, which is a very important milestone in the project. Earlier in the year, prototypes were evaluated and successfully tested by customers in a real-world environment, leading to a first design win in the automotive industry. Acconeer also sees significant opportunities with A2 outside the automotive industry and aims to get its first design win during the year.

With this progress and the new strategy, the Company is well placed to achieve the previously communicated financial targets:

  1. First EBIT positive quarter in 2025.
  2. First cash flow positive quarter during 2026.
  3. Revenues of more than SEK 300 million in 2027.
  4. Long-term EBIT margin of at least 25 per cent.

Thomas Rex, Chairman of the Board of Acconeer comments: “We are delighted that Alps Alpine is entering into a directed share issue and continues to show strong confidence in Acconeer as a company, our technology and the market for our sensors. It is also gratifying that we can present a compensatory issue which is carried out without a discount and that is fully underwritten by major shareholders, board and management free of charge. This compensatory issue gives all shareholders the opportunity to participate on equal terms in the company's continued journey and value development”.

Masaaki Tanaka, Vice President Sensor & Communication Business, New Business at Alps Alpine comments: “We started evaluating Acconeer's technology back in 2017 and quickly recognised the potential of the innovative mmWave radar technology and a significant market opportunity in the automotive industry. In 2020, we invested in Acconeer through a directed share issue. In 2021, we entered into a joint development agreement for the next generation radar sensor “A2” to capitalise on the combined strengths of Acconeer's unique radar technology and Alpine's automotive expertise. Our collaboration has so far resulted in several launches for access control and interior detection applications with several leading car manufacturers. We also use Acconeer's technology in products for level measurement, distance measurement and load tracking. We strongly believe in the business opportunity, and we are increasing our investments in our joint development project through the directed share issue to ensure that together we bring a world-leading product to the market”.

The proceeds from the Directed Share Issue and the Compensation Issue are planned to be used to finance:

  1. mainly the finalisation of the next generation radar sensor, A2
  2. the commercialisation of A2 in new markets, development in new applications outside the automotive industry,
  3. efforts with the aim of increasing sales and other business purposes.

The Directed Share Issue

The Board of Directors of Acconeer has today decided to propose that the Extraordinary General Meeting resolves on the Directed Share Issue comprising a maximum of 5,482,456 shares at a subscription price of SEK 4.56 per share. Through the Directed Share Issue, the Company will receive proceeds of approximately SEK 25 million before deduction of issue costs. The right to subscribe for the new shares shall only, with deviation from the shareholders' preferential rights, be granted to the existing and strategically important shareholder Alps Alpine.

The reasons for the deviation from the shareholders' preferential rights and for the Directed Share Issue being directed to an existing shareholder are as follows. Prior to the decision to propose the Directed Share Issue, the Board of Directors has carefully investigated and considered alternative financing options, including raising capital solely through a rights issue. However, after an overall assessment and careful consideration, the Board of Directors considers that a new share issue carried out with deviation from the shareholders' preferential rights in combination with a rights issue is a more favourable alternative for the Company and the Company's shareholders than an isolated rights issue and that it is objectively in the interest of both the Company and its shareholders to carry out the Directed Share Issue. The Board of Directors has considered, inter alia, the following.

Alps Alpine is an existing shareholder in the Company and an important partner. The reason why the Directed Share Issue is directed to an existing shareholder in the Company is that it 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. At the same time, other shareholders are given the opportunity to subscribe for shares on the same terms through the Compensation Issue.

The Company is in an important phase and has a need for financing to secure the Company's long-term operations. A more extensive and isolated rights issue would require significantly more time and resources to implement and entail a higher risk of negative impact on the share price, especially considering the current volatile and challenging market conditions. From a shareholder perspective, an isolated rights issue thus entails a risk of a negative effect on the share price compared to a directed share issue in combination with a rights issue.

Considering the above, the Board of Directors' overall assessment is that the reasons for carrying out a directed share issue in combination with a rights issue outweigh the reasons for carrying out a more extensive isolated rights issue, and that the Directed Share Issue to Alps Alpine is therefore in the interest of both the Company and all its shareholders.

The Board of Directors has, prior to the resolution on the Directed Share Issue, placed great importance on ensuring that the subscription price shall be on market terms in relation to the prevailing share price. The subscription price has, after arm's length negotiations between the Company and Alps Alpine, been set at SEK 4.56 per share, which corresponds to the closing price of the Company's share on 13 February 2025. Considering this, the Board of Directors makes the assessment that the subscription price is market-based and reflects the demand for the Company's shares.

Alps Alpine has, through a subscription undertaking, undertaken to subscribe for the shares in the Directed Share Issue and to vote in favour of the Directed Share Issue and the Compensation Issue at the Extraordinary General Meeting, provided that the Company completes the fully secured Compensation Issue.

Compensatory Issue

As part of the agreement with Alps Alpine and to compensate the shareholders who do not participate in the Directed Share Issue, the Board of Directors proposes that the Extraordinary General Meeting resolves on the Compensation Issue of a maximum of 5,484,249 shares which, if fully subscribed, would provide the Company with approximately SEK 25 million before deduction of issue costs. Shareholders on the record date 14 March 2025 will receive three (3) subscription rights for each (1) existing share, whereby 34 subscription rights shall entitle to subscription of (1) new share. The subscription price in the Compensation Issue shall be SEK 4.56 per share, which corresponds to the closing price of the share of the company on 13 February 2025.

In the event that all shares are not subscribed for with subscription rights, the Board of Directors shall, within the framework of the maximum amount of the Compensation Issue, resolve on allotment of shares subscribed for without subscription rights, whereby allotment shall be made as follows. Firstly, allotment shall be made to those who have subscribed for shares with subscription rights (regardless of whether they were shareholders on the record date or not) and who have expressed an interest in subscribing for shares without subscription rights and, in the event that allotment to these cannot be made in full, allotment shall be made pro rata in relation to the number of subscription rights that each of those who have expressed an interest in subscribing for shares without subscription rights have utilised for subscription of shares. Secondly, allotment shall be made to others who have subscribed for shares in the Compensation Issue without subscription rights and, if allotment to these cannot be made in full, allotment shall be made pro rata in relation to the total number of shares for which the subscriber has applied for subscription. Thirdly, allotment shall be made to those who have provided guarantee commitments regarding subscription of shares, in proportion to such guarantee commitments. To the extent that allotment at any stage according to the above cannot be made pro rata, allotment shall be made by drawing lots.

Trading in subscription rights will take place on Nasdaq First North Growth Market during the period from 18 March 2025 up to and including 27 March 2025 and trading in paid subscribed shares (BTA) will take place on Nasdaq First North Growth Market from 18 March 2025 up to and including 22 April 2025.

Underwriting and guarantee commitments

Alps Alpine has through a subscription undertaking undertaken to subscribe for the shares in the Directed Share Issue provided that the Company completes the Compensation Issue.

BGA Invest AB, Sifonen Aktiebolag, Lars-Erik Wernersson AB, Thomas Rex (chairman of the board) and Björn Bengtsson (CFO) have provided subscription commitments for the Compensation Issue totalling approximately SEK 4.28 million, corresponding to approximately 17.12 per cent of the Compensation Issue. The subscription commitments are distributed as follows.

BGA Invest AB Approx. SEK 2.16 million
Sifonen Aktiebolag Approx. SEK 1.69 million
Lars-Erik Wernersson AB Approx. SEK 0.22 million
Thomas Rex Approx. SEK 0.17 million
Björn Bengtsson Approx. SEK 0.04 million
Total: Approx. SEK 4.28 million

In addition, the Company has received underwriting commitments free of charge from BGA Invest AB, Sifonen Aktiebolag, Thomas Rex and Ted Hansson (CEO), amounting to a total of approximately SEK 2.0 million, which corresponds to approximately 8.0 per cent of the Compensation Issue. The underwriting commitments are distributed as follows.

BGA Invest AB Approx. SEK 0.5 million
Sifonen Aktiebolag Approx. SEK 0.5 million
Thomas Rex Approx. SEK 0.5 million
Ted Hansson Approx. SEK 0.5 million
Total: Approx. SEK 2.0 million

BGA Invest AB, Sifonen Aktiebolag, Thomas Rex, Ted Hansson, Björn Bengtsson and Lars-Erik Wernersson AB have also entered into top guarantee commitments free of charge amounting to a total of approximately SEK 18.72 million, corresponding to approximately 74.88 per cent of the Compensation Issue. The top guarantee commitments are distributed as follows.

BGA Invest AB Approx. SEK 7.69 million
Sifonen Aktiebolag Approx. SEK 8.16 million
Thomas Rex Approx. SEK 1.83 million
Ted Hansson Approx. SEK 0.50 million
Björn Bengtsson Approx. SEK 0.46 million
Lars-Erik Wernersson AB Approx. SEK 0.08 million
Total: Approx. SEK 18.72 million

In total, 100 per cent of the Compensation Issue is thus covered by free of charge subscription undertakings and free of charge bottom and top guarantee undertakings.

No compensation is paid for subscription commitments made, neither in the Directed Share Issue nor in the Compensation Issue, nor for bottom and top guarantee commitments made in the Compensation Issue. Neither the subscription commitments nor the bottom and top guarantee commitments are secured by bank guarantee, blocked funds, pledge or similar arrangements.

Change in number of shares and share capital and dilution

Through the Directed Share Issue, the number of shares in Acconeer will increase by a maximum of 5,482,456 shares, from 62,154,827 shares to 67,637,283 shares, and the share capital will increase by a maximum of 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 Compensation 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 Compensation 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 Compensation Issue are fully subscribed, amounts to approximately 15 per cent.

Preliminary timetable for the Compensation Issue

6 March The Extraordinary General Meeting
11 March 2025 Publication of the Information Memorandum
12 March Last day of trading incl. preferential rights in the Compensation Issue
13 March First day of trading excl. preferential rights in the Compensation Issue
14 March Record date for entitlement to participate in the Compensation Issue
18 March 2025 – 27 March Trading in subscription rights
18 March 2025 – 1 April 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 Compensation Issue

The timetable is indicative only and dates are subject to change.

The Extraordinary General Meeting

The Company will issue a separate press release convening the Extraordinary General Meeting to be held on 6 March 2025.

Information memorandum

Full terms and conditions of the Compensation Issue and other information about the Company will be set out in the Information Memorandum which is expected to be published by the Company before the subscription period commences.

Advisers

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

For more information about Acconeer AB, please contact
Ted Hansson, CEO
Telephone: +46 (0)10 218 92 00
E-mail: ir@acconeer.com
Website: www.acconeer.com

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-14 07:30 CET.

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Important information
The publication, release or distribution of this press release in certain jurisdictions may be restricted by law and persons in the jurisdictions in which this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction. This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities issued by the Company in any jurisdiction in which such offer or solicitation would be unlawful.
 
This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved or reviewed by any regulatory authority in any jurisdiction. This press release does not constitute a document in the form prescribed in Annex IX of the Prospectus Regulation.

Within the European Economic Area (“EEA”), no offer of shares, warrants or other securities (“Securities”) is made to the public in any country other than Sweden. In other member states of the European Union (“EU”), such an offer of Securities may only be made in accordance with the exemptions in the Prospectus Regulation (EU) 2017/1129. In other countries in the EEA that have implemented the Prospectus Regulation in national legislation, such an offer of Securities may only be made in accordance with the exemptions in the Prospectus Regulation and in accordance with any relevant implementing measure. In other countries in the EEA that have not implemented the Prospectus Regulation in national legislation, such an offer of Securities may only be made in accordance with the applicable exemption in the national legislation.

This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Hong Kong, New Zealand, South Africa, South Korea, Switzerland, Singapore, Japan, Russia, Belarus or any other jurisdiction where such announcement, publication or distribution of this information would be unlawful or where such action is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Actions in violation of this instruction may constitute a violation of applicable securities legislation.

In the United Kingdom, this press release and any other materials in relation to the securities referred to herein is only being distributed to, and is only directed at, and any investment or investment activity to which this press release relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth persons as referred to in Article 49(2)(a) to (d) of the Order (all such persons are collectively referred to as “relevant persons”). Any investment or investment activity to which this communication relates is available in the United Kingdom only to relevant persons and will be engaged in only with relevant persons. Persons who are not relevant persons should not take any action based on this announcement or act or rely on it.

This press release does not identify or purport to identify any risks (direct or indirect) that may be associated with an investment in new shares. This press release does not constitute an invitation to underwrite, subscribe or otherwise acquire or transfer securities in any jurisdiction. This press release does not constitute a recommendation for any investor's decision regarding the Compensation Issue. Each investor or potential investor should conduct its own investigation, analysis and evaluation of the business and information described in this press release and any publicly available information. The price and value of the securities may go down as well as up and past performance is not a guide to future results. Neither the contents of the Company's website nor any other website accessible through hyperlinks on the Company's website are incorporated into or form part of this press release.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified using words such as “believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”, “may”, “anticipates”, “should”, “could” and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialise or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or the rules of Nasdaq First North Growth Market.

Attachments
The Board of Directors of Acconeer AB (publ) proposes a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million

The Board of Directors of Acconeer AB (publ) proposes a directed share issue of approximately SEK 25 million and a fully secured rights issue (compensation issue) of approximately SEK 25 million
2025-02-14

Acconeer signs global franchise agreement with Future Electronics

By

Acconeer has signed a worldwide franchise deal with Future Electronics, who will provide customers access to Acconeer’s unique 60GHz radar solutions. This agreement covers Acconeer’s A121 radar sensor and related products, and expands Acconeer’s global distribution network. Future Electronics is a global leader in electronics distribution headquarted in Montreal, Canada.

Through this partnership, Future Electronics customers will gain access to Acconeer’s patented Pulsed Coherent Radar systems, recognized for their unmatched power consumption, compact size, and high-performance sensing capabilities.

Acconeer’s 60GHz millimeter-wave A121 radar solution, along with related modules and evaluation kits, will now be available through Future Electronics. This technology enables precise object detection, distance measurement, and motion sensing, making it ideal for industries such as automotive, IoT, and industrial automation. By expanding its portfolio with Acconeer’s products, Future Electronics reaffirms its commitment to offering customers the most advanced solutions to drive innovation in their designs.

“With this agreement in place we further increase our visibility and availability for customers worldwide,” said Ted Hansson, CEO of Acconeer. “With their strong global presence and success, Future Electronics is an important addition to our global distributor network.”

Established in 2012 from research at Lund University, Acconeer has quickly become a leader in radar sensing technology. Its Pulsed Coherent Radar systems combine extremely low power consumption with remarkable sub-millimeter precision and robust environmental performance. By integrating Acconeer’s solutions, Future Electronics continues to empower developers, fostering an environment where employees and customers alike benefit from state-of-the-art electronics innovations.

Future Electronics is dedicated to maintaining a culture of excellence and collaboration, making it an exceptional place to work. This global franchise agreement highlights the company’s unwavering focus on delivering breakthrough technologies that help customers succeed in an ever-evolving market.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-06 07:30 CET.

About Future Electronics
Founded in 1968, Future Electronics is a global leader in the electronic components industry. Future Electronics’ award-winning customer service, global supply chain programs and industry-leading engineering design services have made the company a strategic partner of choice.
Headquartered in Montreal, Canada, Future Electronics operates in 159 offices across 44 countries with over 5,000 employees. Its worldwide presence powers the company’s outstanding service and efficient, comprehensive global supply chain solutions. Future Electronics is globally integrated and supported by one IT infrastructure which provides real-time inventory availability and enables fully integrated operations, sales and marketing services worldwide. In 2024, Future became a WT Microelectronics company, now dual-headquartered in both Montreal, Canada and Taipei City, Taiwan.
 
Future Electronics’ mission is always to Delight the Customer®. For more information visit www.FutureElectronics.com.
 
Media Contact
Jamie Singerman
Corporate Vice President Worldwide
Future Electronics
www.FutureElectronics.com
 
514-694-7710
Fax: 514-693-6051
Jamie.Singerman@FutureElectronics.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer signs global franchise agreement with Future Electronics

Acconeer signs global franchise agreement with Future Electronics
2025-02-06

Acconeer updates organization to support new go-to-market strategy

By

To accelerate sales, Acconeer adopted a new go-to-market strategy with a clear focus on winning larger customers in specific growing volume markets. The go-to-market strategy was introduced in the Q3 interim report. Today we are taking the next step by updating the organization to reflect the new strategy.

The regional sales organization is strengthened in our most important markets. To ensure focus and bandwidth the sales team is divided into Sales Asia headed by Ted Hansson and Sales Europe, Americas & Australia headed by Magnus Gerward.

The Product organization is enhanced to support the focus markets, with clear responsibility for both the technical and commercial offering in these markets. This function is led by Mikael Egard.

The R&D organization will sharpen its focus on execution and is led by Karin Alfvén. Karin has been with the company since 2018 and previously held the position Head of Software Development.

In addition, Per Odénius is appointed Head of Operations, taking over from Lennart Moberg who will gradually ramp down for retirement. Per has been at Acconeer since 2015, most recently as Head of ASIC Development and R&D Program Manager.

CEO Ted Hansson comments: “The new organization creates clarity and focus to execute the new go-to-market strategy. I am confident that we now have the key ingredients; strategy, products, and organization to accelerate our growth.”

The complete management team will be found at Acconeer’s website.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer updates organization to support new go-to-market strategy

Acconeer updates organization to support new go-to-market strategy
2024-11-07

Bulletin from the extraordinary general meeting of Acconeer AB on 31 October 2024

By

Acconeer AB (the “Company”) held an extraordinary general meeting on 31 October 2024. At the meeting, the following resolutions were made.

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.

Warrant-based incentive programme for the Company’s CEO through a directed issue of warrants
The extraordinary general meeting resolved, in accordance with the board of directors’ proposal, on the warrant-based incentive program Warrant Program 2024/2027 by issuance of warrants of series 2024/2027 to Ted Hansson, the Company’s CEO.

No more than 350,000 warrants shall be issued to the CEO. Subscription of the warrants shall be made no later than 19 November 2024, or the later date resolved by the board of directors. Payment of the warrants shall be made no later than one week after subscription, or the later date resolved by the board of directors. The CEO shall pay a cash consideration amounting to the market value of the warrants at the time of subscription, which shall be determined by Optionspartner AB, or another independent valuation institute, using the Black & Scholes valuation model. According to a preliminary valuation, the market value of the warrants corresponds to approximately SEK 2.01 per warrant. Subscription of shares under the warrants may take place during the period from and including 20 November 2027 up to and including 31 December 2027. The premium per share shall be transferred to the free share premium reserve (Sw. fria överkursfonden). The subscription price per share shall correspond to 150 per cent of the volume-weighted average price according to Nasdaq First North Growth Market’s official curriculum list for shares in the Company during the period of ten (10) trading days ending on 31 October 2024, however, the subscription price per share shall never be less than the quota value of the share. The maximum dilution effect of the program is approximately 0.56 per cent.

________________

For more detailed information regarding the content of the resolutions, please refer to the press release published on 30 September 2024 and the complete notice of the extraordinary general meeting. The notice of the general meeting and complete proposals regarding the resolutions of the extraordinary general meeting are available on the Company’s website, www.acconeer.com.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Bulletin from the extraordinary general meeting of Acconeer AB on 31 October 2024

Bulletin from the extraordinary general meeting of Acconeer AB on 31 October 2024
2024-10-31

Interim report Q3 2024

By

In the third quarter of 2024 Acconeer’s net sales amounted to kSEK 14,604 and the gross margin was 61%. A record number of radar sensors were sold in the quarter, 400,000. A total of 10 new customer products were launched.

CEO Ted Hansson comments: “The turnover for Q3 2024 increased 74% compared to the same period in 2023. This means that after three quarters of 2024 we have reached higher turnover than for the full year of 2023. We see strong revenue contributions from Automotive, but also from Tank level measurement applications, which is a market we believe will continue to be strong going forward.”

THIRD QUARTER

  • Net sales for the third quarter amounted to kSEK 14,604 (8,379).
  • The gross margin on sales of goods was 61 (67) %.
  • Result after taxes amounted to kSEK-4,316 (-9,590).
  • Earnings per share before and after dilution was SEK -0.07 (-0.36).
  • The cash flow from operating activities was kSEK-3,896 (-6,895).

JANUARY-SEPTEMBER

  • Net sales for the nine months amounted to kSEK 41,040 (24,910).
  • The gross margin on sales of goods was 60 (62) %.
  • Result after taxes amounted to kSEK -23,487 (-35,215).
  • Earnings per share before and after dilution was SEK -0.47 (-1.33).
  • The cash flow from operating activities was kSEK -22,394 (-27,430).
  • Cash and cash equivalents on the balance sheet date amounted to kSEK 73,337 (42,431).

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • Acconeer received order from Restar worth USD 166,000.
  • Acconeer received order from BEYD worth USD 183,000.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • No significant events after the end of the period.

The report is attached to this press release and available through Acconeer's website: https://www.acconeer.com/investor_page/home/financial-reports/.

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

This information is information that Acconeer is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-10-25 07:30 CEST.

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Acconeer Q3 2024 EN

Acconeer Q3 2024 EN
2024-10-25

Notice of Extraordinary General Meeting 2024 in Acconeer AB (publ)

By

The Extraordinary General Meeting of Acconeer AB (publ), reg. no. 556872-7654, (the “Company”) will be held on 31 October 2024 at 15:00 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 extraordinary 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 23 October 2024; and
  2. give notice of intent to participate no later than 25 October 2024. 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 shall 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 meeting, register its shares in its own name so that the shareholder is listed in the share register as of the record date of 23 October 2024. 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 23 October 2024, 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. Resolution on the board of directors’ proposal for a resolution on an incentive programme for the CEO through a directed issue of warrants
  8. Closing of the meeting.

Item 7 – Resolution on the board of directors’ proposal for a resolution on an incentive programme for the CEO through a directed issue of warrants

The board of directors has proposed that the extraordinary general meeting resolves on a warrant-based incentive program for Ted Hansson, the CEO of the Company, in accordance with the conditions set out below (“Warrant Program 2024/2027”).

Background and motive
The purpose of the proposed program and the reasons for the deviation from the shareholders’ preferential rights are that the board of directors believes that a warrant program that allows the CEO to gain access to the Company’s value development promotes participation and accountability and brings increased motivation to promote favourable economic development for the Company.

In light of the above, the board of directors proposes that the meeting on an incentive programme for the Company's CEO through a directed issue of warrants of series 2024/2027, in accordance with below.

The Board of Directors' proposal for resolution on the implementation of Warrant Programme 2024/2027
For the implementation of Warrant Program 2024/2027, the board of directors proposes that the extraordinary general meeting resolves to issue a maximum of 350,000 warrants of series 2024/2027, implying an increase in the share capital upon full exercise with a maximum of SEK 17,500.

For the decision, the following conditions shall apply:

  1. No more than 350,000 warrants shall be issued.
  2. The right to subscribe for warrants shall, with deviation from the shareholders' preferential rights, be granted to Ted Hansson, the Company's CEO. The reason for the deviation from the shareholders' preferential rights is that the Warrant Programme 2024/2027 allows the CEO to gain access to the Company’s value development promotes participation and accountability and brings increased motivation to promote favourable economic development for the Company.
  3. Subscription of the warrants shall be made on a separate subscription list no later than 19 November 2024, the board of directors is entitled to extend the subscription period.
  4. The warrants shall be issued at the market value of the warrants at the time of subscription, which shall be determined by Optionspartner AB, or another independent valuation institute, using the Black & Scholes valuation model. According to a preliminary valuation, the market value of the warrants corresponds to approximately SEK 2.01 per warrant. The calculation is based on a share price of SEK 8.50, an exercise price of SEK 12.75 per share, a risk-free interest rate of 1.860 per cent and a volatility of 57 per cent, calculated according to the Black Scholes valuation model. With respect to restrictions on disposal of, and the illiquidity in the warrants, a so-called illiquidity discount of 15.0 per cent has been applied to the warrants’ value. The final price for the warrants will be established in connection with the subscription occasion to the CEO and will be based on market conditions prevailing at that time.
  5. Payment for the warrants shall be made in cash no later than one week after subscription, the board of directors is entitled to extend the payment period. Over-subscription cannot occur.
  6. Each warrant entitles the holder to subscribe for one (1) share in the Company.
  7. Subscription of shares under the warrants may take place during the period from 20 November 2027 up to and including 31 December 2027.
  8. The subscription price per share shall correspond to 150 per cent of the volume weighted average price according to Nasdaq First North Growth Market’s official curriculum list for shares in the Company during the period of ten (10) trading days ending on 31 October 2024, however the subscription price per share shall never be less than the quota value of the share. The subscription price shall be rounded to the nearest SEK 0.01, whereupon SEK 0.005 shall be rounded upwards. The premium per share shall be transferred to the free share premium reserve (Sw. fria överkursfonden).
  9. The shares subscribed for on the basis of the warrants shall entitle the holder to a distribution of profits for the first time on the first record date of dividends that occur after the subscription of shares has been exercised through the exercise of the warrants.
  10. Applicable re-calculation terms and other terms and conditions for the warrants can be found in “Terms and conditions for warrants series 2024/2027 for new subscription of shares in Acconeer AB (publ)”.
  11. The right to allotment of warrants in Warrant Program 2024/2027 assumes that (i) the CEO holds his position by the time of the allotment and not announced or been informed at that time that the employment is intended to be terminated, and (ii) that the CEO has entered into an agreement with the Company, according to which the Company, or the one the Company assigns, under certain circumstances has the right to repurchase the warrants from the participant if the participant’s employment ceases or if the participant wishes to transfer the warrants before they can be exercised for subscription of shares, in some cases at an amount corresponding to the lower of the Company's CEO's acquisition value of the warrants and the market value, in other cases at the market value.
  12. The Board of Directors, the CEO, or the person appointed by the Board of Directors or the CEO is authorised to make the minor amendments required for the registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB or due to other formal requirements.

Award criteria
No award criteria, beyond what is stated above, have been resolved upon to receive allocation in the incentive program. The board of directors believes that a program that includes the CEO provides the best conditions to achieve the board of directors’ objectives in implementing the programme.

Costs
Since the warrants are subscribed for at market value, the Company is of the opinion that there will be no social costs for the Company as a result of the issue. The costs will therefore mainly consist of limited costs for the implementation and administration of the warrants. Warrant Program 2024/2027 is not expected to entail any costs of significance to the Company. For this reason, no measures for hedging the program have been taken.

Dilution, previous incentive programs and effects on key ratios
As per the day of this proposal, there are 62,154,827 shares in the Company. Assuming that all warrants that can be issued under Warrant Program 2024/2027 are exercised for subscription of new shares, the number of shares and votes in the Company will increase by 350,000, which corresponds to a dilution of approximately 0.56 per cent of the number of shares and votes in Company. The dilution is expected to have a marginal impact on the Company’s key ratios.

The Company currently has six ongoing share-based incentive programs: Warrant Program 2021/2024:1, Warrant Program 2021/2024:2, Warrant Program 2022/2026, Warrant Program 2023/2026, Warrant Program 2023/2027 and Warrant Program 2024/2028. All share-related incentive programmes in the Company have been recalculated due to the rights issue resolved on 5 March 2024.

The annual general meeting resolved on 27 April 2021 to issue a maximum of 300,000 warrants to the Company’s wholly-owned subsidiary Acconeer Incentive AB, reg. no. 559156-2474 (the “Subsidiary”), which as of today holds 82,497 of these, through Warrant Program 2021/2024:1. The incentive program includes employees of the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 15 May 2024 to and including 30 September 2024, call for subscription of 1.18 new shares in the Company at a subscription price of SEK 47.09.

The annual general meeting resolved on 27 April 2021 to issue a maximum of 300,000 warrants to the Subsidiary, which as of today holds 192,862 of these, through Warrant Program 2021/2024:2. The incentive program includes employees of the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 15 November 2024 to and including 31 Mars 2025, call for subscription of 1.18 new shares in the Company at a subscription price of SEK 95.84.

The annual general meeting resolved on 26 April 2022 to issue a maximum of 300,000 warrants to the Subsidiary, which as of today holds 76,485 of these, through Warrant Program 2022/2026. The incentive program includes employees of the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 3 December 2025 to and including 16 January 2026, call for subscription of 1.15 new shares in the Company at a subscription price of SEK 51.23.

The annual general meeting resolved on 26 April 2022 to issue a maximum of 300,000 warrants to the Subsidiary, which as of today holds 166,197 of these, through Warrant Program 2023/2026. The incentive program includes employees of the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 25 March 2026 to and including 8 May 2026, call for subscription of 1.15 new shares in the Company at a subscription price of SEK 50.49.

The annual general meeting resolved on 27 April 2023 to issue a maximum of 500,000 warrants to the Subsidiary, which as of today holds 403,278 of these, through Warrant Program 2023/2027. The incentive program includes employees of the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 24 March 2027 up to and including 5 May 2027, call for subscription of 1.15 new shares in the Company at a subscription price of SEK 9.88.

The annual general meeting resolved on 23 April 2024 to issue a maximum of 500,000 warrants to the Subsidiary, which as of today holds 500,000 of these, through Warrant Program 2024/2028. The incentive program includes the persons who are or will be employed by the Company (but not fixed-term employees) including the CEO of the Company. The warrant holders have the right to, during the period from and including 15 February 2028 up to and including 30 April 2028, call for subscription of a new share in the Company at a subscription price corresponding to 150 per cent of the volume weighted average price according to Nasdaq First North Growth Market’s official curriculum list for shares in the Company during the period of ten (10) trading days ending on 15 November 2024.

If (i) all outstanding warrants issued in connection with the ongoing incentive programs, including the warrants from Warrant Program 2024/2028 currently held by the Subsidiary, however, excluding the other warrants held by the Subsidiary, are exercised in full for subscription of shares, (ii) the general meeting resolves on the implementation of Warrant Program 2024/2027 in accordance with the proposal, and (iii) all warrants that can be issued in or in connection with Warrant Program 2024/2027 are exercised for subscription of shares, the number of shares and votes in the Company will increase by 1,755,222 which corresponds to a total dilution of approximately 2.75 per cent of the number of shares and votes in the Company.

The above estimates are subject to revaluations of the warrants under the usual translation terms contained in the full terms, but taking into account the recalculation due to the rights issue resolved by the Board of Directors by virtue of the authorisation on 5 March 2024. All dilution effects have been calculated as the number of additional shares in relation to the number of existing plus additional shares.

Preparation of the proposal
The proposal for resolution on the implementation of Warrant Program 2024/2027 has been prepared by the board of directors together with external advisors. Board members will not be allotted. The CEO has not participated in the preparation of the proposal.

Majority requirements
A valid resolution requires that the resolution is supported by shareholders with at least nine tenths (9/10) of both the votes cast and the shares represented at the meeting.

Available documents
The complete proposals and other documents that shall be made available prior to the 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 extraordinary 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 extraordinary general meeting
Shareholders present at the Extraordinary 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: “EGM 2024” 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 62,154,827, 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/Privacy%20notice%20BOSS%20-%20final%20220324.pdf.

____________

Malmö in September 2024
Acconeer AB
The Board of Directors

For additional information, please contact:
Ted Hansson, CEO Acconeer, Phone: +46 10218 92 00, E-mail: ir@acconeer.com

About Acconeer AB
With ground-breaking technology, Acconeer has developed a radar sensor that opens a new world of interaction. Acconeer Micro Radar Sensor, with low power consumption, high precision, small size and high robustness, is a 60GHz robust and cost-effective sensor for detection, distance measurement, motion detection and camera-supported applications with low power consumption. Acconeer combines the advantage of low power consumption with highly accurate pulsed radar systems of coherent radar, all integrated into a component with a surface area of only 28 mm2. The radar sensor can be included in a range of mobile consumer products, from smartphones to wearables, but also in areas such as robots, drones, the Internet of Things, healthcare, automotive, industrial robots and security and monitoring systems. Acconeer is a semiconductor company and, as a business model, sells hardware to manufacturers of consumer electronics products. Acconeer is listed on Nasdaq First North Growth Market with the ticker code ACCON, Redeye is the company's Certified Advisor (CA). For more information: www.acconeer.com.

Attachments
Notice of Extraordinary General Meeting 2024 in Acconeer AB (publ)

Notice of Extraordinary General Meeting 2024 in Acconeer AB (publ)
2024-09-30