Brief: Anoto Decides To Find Strategic Options For Knowledge AI

Inq AB (publ)

26/07/2022 08:17

July 26 (Reuters) - Anoto Group AB  ANOT.ST :
    * THE BOARD OF ANOTO DECIDES TO FIND STRATEGIC OPTIONS FOR
KNOWLEDGE AI INC. IN ORDER TO RAISE GROWTH CAPITAL
    * TO EXPLORE STRATEGIC OPTIONS, INCLUDING SALE OF ANOTO'S
CONTROLLING STAKE IN ITS 85% OWNED EDUCATION SUBSIDIARY,
KNOWLEDGE AI
    * MOST EFFICIENT WAY OF ATTRACTING MORE CAPITAL TO ANOTO IS
TO
SELL OFF PARTS OR WHOLE OF ITS STAKE IN KAIT
    * GIVEN UNCERTAIN GLOBAL ECONOMIC OUTLOOK AND VOLATILITIES
IN
STOCK MARKET, WE FEEL WE NEED TO SECURE FUNDING FOR LONG TERM
SECURITY
    * KAIT'S SUCCESS LEADS TO SUCCESS OF ANOTO AS ANOTO IS SOLE
SUPPLIER OF PENS TO KAIT, COLLECTS ROYALTY ON KAIT'S SOFTWARE
REVENUE

Source text for Eikon:  ID:nGNE7zKk6P 
Further company coverage:  ANOT.ST 

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