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29.01.2025 07:49:29
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EQS-Adhoc: naoo AG: naoo AG secures a EUR 25 million equity facility from GEM Global Yield
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EQS-Ad-hoc: naoo AG / Key word(s): Corporate Action/Financing naoo AG secures a EUR 25 million equity facility from GEM Global Yield
Zug/New York, January 29, 2025 – naoo AG (ISIN: CH1323306329, WKN: A40NNU), a Swiss social media innovator, has secured a strategic EUR 25 million equity financing agreement with GEM Global Yield (GEM). The facility provides naoo with flexibility to access growth capital and aligns with its plans to scale and enhance its offerings. Under the terms of the agreement, GEM has committed up to EUR 25 million via a Share Subscription Facility over a 36-month period. naoo may at its own discretion issue shares to GEM at 90% of average of the Closing Bid Prices calculated over the 15 trading days prior to each drawdown. GEM's maximum ownership in naoo is capped at 29.9% of the company’s total issued share capital. Additionally, GEM will receive warrants to purchase 6.25% of naoo’s common stock at a price reflecting a EUR 60 million valuation.The warrants have a 36-month term, offering long-term alignment between GEM’s interests and naoo’s growth objectives. This equity financing will be implemented through individual prospectus-exempt capital increases using naoo's existing authorized capital range, excluding subscription rights. Listed ordinary shares of naoo AG will be issued. The financing will enable naoo to accelerate its technological advancements, expand its user base, and pursue acquisitions that reinforce its strategic market position. The flexibility provided by this agreement ensures that naoo can act decisively to seize opportunities that create value for its users and shareholders. Karl Fleetwood, COO & CFO, naoo AG contact@naoo.com End of Inside Information Information and Explanation of the Issuer to this announcement: naoo has recently achieved significant milestones, including reaching a Top 3 ranking in the Swiss App Store for social apps. In Q4 2024, the platform saw downloads increase by 65% compared to the previous quarter, while user engagement grew strongly, with comments increasing by 117%. These achievements reflect the platform's growing popularity and ability to resonate with users, underlining its potential for further expansion. About naoo naoo AG operates a next-generation social media platform that connects people based on their interests and preferences, offering a unique user experience through gamification and personalized content. With its points and rewards system, naoo incentivizes user engagement and allows users to benefit from their activity on the platform. Naoo’s business customers can publish offers on the platform tailored to the individual needs of the users and motivate them to visit their business locations by awarding naoo points. These points can be redeemed for various rewards, providing added value for both users and business partners. The naoo app is available on the Apple App Store and Google Play Store. Headquartered in Zug, Switzerland, naoo AG is listed on the Düsseldorf Stock Exchange (Ticker Symbol: NAO, ISIN: CH1323306329). For more information: https://www.naoo.com About GEM GEM Global Yield LLC SCS ("GEM") is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world, having completed over 570 transactions in 70 countries. GEM's investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile, providing GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPE's) and select venture investments. For more information: https://www.gemny.com Contact Details Media and Investors Axel Mühlhaus / Jessica Pommer Users and Community
29-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | naoo AG |
| Baarerstrasse 21 | |
| 6300 Zug | |
| Switzerland | |
| E-mail: | investors@naoo.com |
| Internet: | www.naoo.com |
| ISIN: | CH1323306329 |
| WKN: | A40NNU |
| Listed: | Regulated Unofficial Market in Dusseldorf |
| EQS News ID: | 2076559 |
| Notierung in Düsseldorf vorgesehen (Freiverkehr) / Intended to be listed in Dusseldorf (Open Market) |
| End of Announcement | EQS News Service |
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2076559 29-Jan-2025 CET/CEST
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