Company: EKOBOT AB (publ)

Transaction: Rights issue

Issue volume: 9.3 MSEK

Date: May 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.

The proceeds from the rights issue will be used to support the beginning of the commercialization phase of autonomous agricultural robots, with first orders in place for the 2022 growing season.

Augment acted as financial advisor in connection with the transaction.