naoo AG secures a EUR 25 million equity facility from GEM Global Yield
Publication of Insider Information pursuant to Article 17 of Regulation (EU) No. 596/2014
naoo AG receives a financing commitment of up to EUR 25 million from GEM Global Yield.
Capital is used for expansion, technological development and planned acquisitions
Zug/ New York, January 29, 2025 - naoo AG (ISIN: CH1323306329, WKN: A40NNU), a Swiss innovator in social media, has entered into a EUR 25 million equity financing agreement with GEM Global Yield (GEM). This financing provides naoo AG with the flexibility to access growth capital and supports the company's plans to scale and further develop its platform.
Under the terms of the agreement, GEM has committed to subscribe for new shares for a total issue amount of up to EUR 25 million over a period of 36 months. naoo may issue shares to GEM at its discretion at 90% of the average closing price calculated over the 15 trading days prior to each capital call. GEM's maximum holding in naoo is limited to 29.9% of the total issued share capital. In addition, GEM receives option rights (warrants) to acquire 6.25 % of the naoo ordinary shares at an exercise price corresponding to a company valuation of EUR 60 million. The warrants have a term of 36 months, ensuring a long-term alignment of interests between GEM and naoo's growth targets.
This equity financing will be implemented through capital increases without a prospectus within the existing capital band of naoo AG, excluding subscription rights. Listed ordinary shares of naoo AG will be issued.
The financing will enable naoo to accelerate its technological development, expand its user base and pursue targeted acquisitions to strengthen its strategic market position. The agreement gives naoo the necessary flexibility to seize targeted opportunities and create added value for users and shareholders.
Karl Fleetwood, COO & CFO,
naoo AG
Baarerstrasse 21
6300 Zug
Switzerland
contact@naoo.com
+41 44 000 000
Explanations
Market dynamics
naoo has recently achieved important milestones, including a top 3 ranking in the Swiss App Store for social apps. In Q4 2024, the number of downloads increased by 65% compared to the previous quarter, while user interaction increased strongly - the number of comments grew by 117%. These developments reflect the growing popularity of the platform and underline its potential for further growth.
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 an alternative investment group with $3.4 billion in assets under management that manages a variety of investment vehicles and focuses on emerging markets worldwide. The company has completed over 570 transactions in 70 countries. GEM's investment vehicles provide both the investment group itself and its investors with a diversified portfolio across asset classes covering the full spectrum of global private investments. Each of these vehicles has a different operational control, risk-adjusted return and liquidity structure. This gives GEM and its partners access to small and mid-cap management buyouts, private investments in public equities (PIPEs) and selected venture investments. Further information can be found at https://www.gemny.com.
Contact media and investors
Axel Mühlhaus/ Jessica Pommer
edicto GmbH
Eschersheimer Landstr. 42
60322 Frankfurt a.M.
Phone: +49 (0) 69 905505-52
e-mail naoo@edicto.de
Users and users
Benjamin Duthaler, Head of Community Management, benjamin.duthaler@naoo.com
