Neovici Carries Out a Directed New Share Issue of SEK 10 million to Peter Gyllenhammar AB to Accelerate the Growth of Cosmoz AI

The issue proceeds are intended to be used to increase the market penetration of Cosmoz AI, further develop the platform's AI-based functionality and strengthen the organization within sales, technology and delivery.
 
A rights issue is normally the first-choice alternative for new shares. In this case, the board has assessed that a directed issue is better suited for Neovici, as it enables faster capital raising, lower transaction costs and provides the Company with long-term strategic capital from an experienced investor.

In connection with the issue, Peter Gyllenhammar comments:
“We have been closely following Neovici with its Cosmoz AI platform for some time and have increasingly strengthened our view that this business has good prospects for exceptionally strong growth in the coming years. Cosmoz AI is a fantastic platform that enables exceptionally large savings for its users, as well as the potential for reducing capital employed in the business. The market for Cosmoz AI is global and if Neovici is given the financial and personnel conditions to accelerate the penetration of this market, the company’s value will grow exceptionally strongly in the future.”
 
The issue price of SEK 2.00 has been determined after negotiations with the investor at arm's length. The volume-weighted average price for the last ten trading days prior to the new share issue was SEK 1.98. The Board of Directors assesses that the issue price is in line with the market.
 
Partner Fondkommission has been engaged to act as advisor in the transaction.
 
Terms in brief

• Issue amount: SEK 10,000,000
• Number of new shares: 5,000,000 B shares
• Subscription price: SEK 2.00 per B share
• Issue type: Directed new issue
• Dilution: The newly issued shares will constitute approximately ten percent of the share capital
 
Contact

Jan Berggren, CEO and Founder
Email: jan.berggren@neovici.com
Phone: + 46 (0)70 615 10 01
 
About Neovici
 
Neovici Holding AB (“Neovici”) was founded in Stockholm in 2009 and is a leading provider of automated services through the innovative SaaS platform Cosmoz. The company is constantly introducing new features with a focus on AI-driven automation and handles large transaction flows annually for players in the retail, energy and telecom sectors. Neovici has operations in the Nordics, Latin America and Asia. In 2024, Neovici was listed on Nasdaq First North Growth Market.
 
Read more at: https://www.neovici.se
 
Certified Adviser

The company's Certified Adviser is Eminova Fondkommission AB | + 46 (0)8-684 211 10 | adviser@eminova.se