Asmallworld AG announced a private placement of 2,742,742 common shares at a price of CHF 1.50 per share for the gross proceeds of CHF 4,114,113 on October 9, 2023. The transaction will include participation from returning investor Pellegrino Capital AG. The transaction has been approved by the shareholders of the company.

As a result of the capital increase, the number of issued shares at par value of CHF 1 will increase from 11,718,715 to up to 14,461,457 shares.