THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO
Tobii has closed the acquisition of the
"Automotive Interior Sensing is a significant and expanding market opportunity, backed by regulatory support ensuring widespread technology adoption. With the acquisition Tobii enhances its position with substantial DMS and OMS design wins in the production pipeline, and we have solutions shipping in vehicles since 2019. I am excited for us to start the integration process, take advantage of the cost and technology synergies and build on
The consideration for 100 percent of the shares in
Financing
To finance the operational expenses needed for the
The proceeds from the rights issue are expected to be utilized by two thirds in 2024 and one third in 2025.
The company intends to fully cover the rights issue with subscription and guarantee undertakings. The management, board and the three founders of the company have all committed to subscribe for their pro-rata in the share issue, corresponding to 13 percent of the share issue, and the three founders have additionally committed to guarantee up to
Lock-up undertakings
All board members and key executives in the Company have entered into lock-up undertakings, including commitments not to dispose of financial instruments in the Company, with certain exceptions. The lock-up undertakings expire 180 days after the announcement of the outcome of the rights issue.
Extraordinary General Meeting
A notice for an Extraordinary General Meeting, in order to grant the board authorization for the issue of shares, will be published separately and will also be available at corporate.tobii.com/investors.
Preliminary timetable for the rights Issue and prospectus
Extraordinary General Meeting to grant the board authorization | |
Announcement of the final terms and conditions of the Rights Issue | |
Last day of trading including the right to receive subscription rights | |
Record date for participation in the Rights Issue with preferential rights | |
Publication of prospectus | |
Trading in subscription rights | |
Subscription period | |
Trading in paid subscribed shares (BTA) | |
Announcement of the final outcome of the Rights Issue |
The prospectus will contain complete information about the rights Issue.
Advisors
For more information, please contact:
Carolina Strömlid, Head of Investor Relations,
About Tobii
Tobii is the global leader in eye tracking and pioneer of attention computing. We are on a mission to improve the world with technology that understands human attention and intent. Creating tech for a better future, our technologies and solutions apply to areas such as behavioral studies and research, healthcare, education and training, gaming, extended reality, automotive, and many more. Tobii's eye tracking is used by thousands of enterprises, universities, and research institutes around the globe. Headquartered in
IMPORTANT INFORMATION
Publication, release, or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where the press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in
This press release is not a prospectus according to the definition in Regulation (EU) 2017/2019 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will be prepared by the Company and published on the Company's website after the prospectus has been reviewed and approved by the
This press release does not constitute an offer or solicitation to buy or subscribe for securities in
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "implies", "should", "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq Stockholm Rulebook.
Potential investors should not put undue trust in the forward-looking statements herein, and potential investors are strongly recommended to read the sections in the prospectus that include a more detailed description of the factors that can affect the Company's business and its associated market.
https://news.cision.com/tobii-ab/r/tobii-completes-the-acquisition-of-autosense,c3920547
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