Ekobot decides on a rights issue and directed convertible issue of SEK 16.6 million

21 maaliskuuta 2022

EKOBOT AB (publ) is the company behind one of the world’s first fully autonomous field robots that can take care of mechanical weed control with exceptionally high precision. Ekobot helps farmers and growers reduce costs of weeding crops while also doing it in a CO2 neutral and ecological way.

Ekobot has decided on a rights issue of units of approximately SEK 13.6 million and a directed issue of convertibles of SEK 3.0 million, subject to the approval of the Extraordinary General Meeting, in order to begin the commercialisation phase of autonomous agricultural robots.

Augment acts as the company’s financial adviser in the transaction.

Read the full press release here.