Acconeer AB has entered into an agreement with Buntel AB and Exelity AB through which Buntel AB and Exelity AB provide Acconeer with a loan facility of up to SEK 60 million. The loan facility is intended to be used to enable Acconeer to achieve operational milestones. From and including October 1, 2023 until the time of expiration of the loan facility, Acconeer has the possibility to draw down under the loan facility through a total of two payments of a maximum of SEK 30 million each.

A first payment can be called upon by Acconeer in the fourth quarter of 2023, and the second in the second quarter of 2024. Loans under the facility fall due on December 31, 2024 and bear a monthly interest rate of Stockholm Interbank Offered Rate (STIBOR) + 1.0%. The lenders are given the right, starting from the first disbursement, to twice call for the conversion of debt into equity, in directed new share issues, at a subscription price amounting to 10% discount to the volume-weighted share price during the 15 trading days preceding the call.

A short selling ban is in place, and the conversions are restricted to not more than SEK 15 million per conversion (i.e. not more than SEK 30 million in total). There are also restrictions regarding the timing of these conversions.