Naoo AG Secures EUR 25 Million Equity Facility from GEM Global Yield

Naoo AG, a Swiss social media innovator, has signed a strategic equity financing agreement with GEM Global Yield, securing up to EUR 25 million. This capital will support naoo's expansion plans, technological enhancements, and strategic acquisitions.

The agreement includes a Share Subscription Facility over 36 months, with naoo able to issue shares at 90% of the average closing bid prices of the preceding 15 trading days. GEM's ownership is capped at 29.9% of naoo’s total share capital. Additionally, GEM will receive warrants to buy 6.25% of naoo’s common stock, promoting long-term alignment with naoo's growth.

Naoo plans to leverage this financing to bolster technological development, expand its user base, and pursue acquisitions, aiming to enhance its market position. The agreement's flexibility allows naoo to act swiftly on emerging opportunities, benefiting both users and shareholders.