Company: EKOBOT AB (publ)

Transaction: Rights issue

Issue volume: 26.8 MSEK

Date: March 2023

Ekobot 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 net proceeds from the rights issue will be used to scale up the commercialisation that the company commenced in 2022 and to strengthen the balance sheet.

Augment acted as financial advisor to Ekobot in connection with the transaction.