Cirio advised Pareto Securities AB on the deal.
Pareto Securities AB acted as Global Coordinator in connection with Acconeer AB’s rights issue of shares with preferential rights for the company’s existing shareholders.
On 22 November 2021, the board of directors of Acconeer resolved on a rights issue authorised by the annual general meeting held on 27 April 2021. If the rights issue is fully subscribed, the company receives gross proceeds of approximately SEK 140 million. The rights issue is secured to approximately 85 percent through subscription commitments and guarantee commitments.
Acconeer AB is a public company from the south of Sweden listed on Nasdaq First North. Based on research from Lund University, Acconeer has created a unique radar solution that creates new opportunities for human interaction with technology.
The radar sensor is based on pulsed coherent radar technology and combines extremely low power consumption with high accuracy. The unique characteristics of this radar sensor make it possible to identify materials and detect motion in advanced sensor applications. The small size, only 5×5 mm, and low power consumption are ideal for compact battery-driven and mobile devices.
The Cirio team was headed by Annika Andersson (Picture), together with Jesper M. Johansson and Rebecka Tallberg (Capital Markets and Public M&A).
Law Firms: Cirio Law Firm;
Clients: Pareto Securities AS;