Moll Wendén has advised Acconeer AB in connection with a directed issue of shares raising approximately SEK 31.7 million.
Acconeer develops energy-efficient radar sensors that enable advanced detection and measurement in applications where precision, low power consumption and miniaturization are critical. The Company’s technology is used in rapidly growing markets such as the automotive industry, industrial applications, IoT and consumer electronics, with applications ranging from level and presence detection to in-cabin solutions and intelligent sensor systems. Acconeer is listed on Nasdaq First North Growth Market.
Acconeer has carried out a private placement through a directed issue of shares to Eiffel Investment Group. Through the directed issue, Acconeer will receive approximately SEK 31.7 million before issue costs. The proceeds from the directed share issue will be used to strengthen sales, technical support and algorithm development, with the aim of accelerating the rollout of the company’s new sensor and managing larger customers. A small portion of the proceeds will be used to manage increasing volumes.