Naoo AG Enhances Equity Through Loan Conversion

naoo AG has fortified its financial standing by converting around CHF 5.2 million in shareholder loans into equity. This move is part of a capital increase process and aims to bolster the company's balance sheet and equity base.

During this capital increase, 1,093,020 new registered shares were issued, each with a nominal value of CHF 1.00. The principal shareholder, Dr. Thomas Wolfensberger, converted most of these shares by setting off existing loans. Furthermore, another 15,000 shares were issued for cash from another investor.

These loans were initially provided as cash and advance contributions to support naoo AG's acquisition of Kingfluencers AG. By converting these loans, the firm aims to improve its equity ratio, though it does not introduce new funds. The principal shareholder maintains a long-term investment approach, supporting naoo AG’s growth.