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FAQ: naoo AG's Shareholder Loan Conversion and Capital Increase
TL;DR
Naoo AG strengthens its balance sheet by converting CHF 5.2 million in shareholder loans to equity, improving its equity ratio and financial stability for competitive advantage.
Naoo AG issued 1,093,020 new shares to convert shareholder loans into equity, a balance sheet reclassification that enhances the equity base without new external financing.
This financial restructuring supports Naoo's growth in creator-driven social media, fostering meaningful engagement and innovative rewards that benefit users and local communities.
Naoo used share provisions to pre-finance its Kingfluencers acquisition, showcasing creative financial strategies in building an AI-powered social media ecosystem.
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The main purpose is to strengthen naoo AG's balance sheet and equity base by converting approximately CHF 5.2 million in shareholder loans from the principal shareholder into equity through a capital increase.
The shareholder loans were provided in full by the principal shareholder, Dr. Thomas Wolfensberger, and consisted of cash loans and advance contributions for share provisions.
A total of 1,093,020 new registered shares with a nominal value of CHF 1.00 each were issued, with 1,078,020 shares paid up by set-off against shareholder loans and 15,000 shares issued against a cash contribution from another investor.
The share provisions were made to pre-finance contractually owed purchase price components for the acquisition of Kingfluencers AG, as naoo AG did not have sufficient treasury shares available at the relevant time to meet these obligations.
No, the transaction does not result in any new inflow of funds and does not constitute new external financing. It represents a balance sheet reclassification that improves the equity ratio without changing the economic substance of the company.
Following completion of the capital increase, the share capital of naoo AG amounts to CHF 5,561,277, divided into the same number of fully paid-in registered shares.
The principal shareholder pursues a long-term investment strategy and continues to actively support naoo AG in the execution of its growth and integration strategy.
naoo is building a creator-driven social media platform powered by AI, and with the acquisition of Kingfluencers AG, it combines platform innovation with industry-leading expertise in creators, campaigns, and brand storytelling in the DACH region.
Investors and media can contact Karl Fleetwood, Chief Operating Officer, at Phone: +41 (0)79 867 10 10 or E-mail: Karl.Fleetwood@naoo.com.
Curated from NewMediaWire
