Audientes' Board of Directors has decided to increase capital by issuing new shares to five independent investors, bypassing existing shareholders' pre-emptive rights. This move aims to secure additional working capital efficiently, supplementing anticipated funds from a planned corporate bond issuance in April 2025. The new shares, totaling approximately DKK 0.44 million, are priced at DKK 0.010 each, reflecting a 23% discount based on recent market data. The funds will support operational costs in various business areas. Additionally, Audientes will convert approximately DKK 0.78 million of debt into shares, strengthening its balance sheet. This combined strategy will increase the total number of shares to 577,920,721, resulting in a 27% dilution for existing shareholders. The capital increase will incur costs of about DKK 50,000. Following these changes, certain shareholders' ownership percentages will shift. Kogai Invest AB's stake will drop below 20%, while CEO Steen Thygesen's holding will exceed 5%. CTO Hossein Jelveh's ownership will fall below 5% due to dilution. Audientes has updated its financial calendar, with significant dates including the release of the 2024 Annual Report on April 11, 2025, and the Annual General Meeting on May 8, 2025. Audientes, a Danish company specializing in affordable hearing aids, is listed on the Spotlight Stock Market and operates in Denmark, India, Japan, and has a joint venture in China.
Audientes A/S announced that Selandia Alpha Invest A/S, Renewable Ventures Nordic AB, and Mr. Gerhard Dal have converted part of their loans into shares, amounting to DKK 1 million. This conversion increases the company's share capital by DKK 568,181.81 and reduces its debt, strengthening its balance sheet. The conversion rate was based on the VWAP of Audientes shares on the Spotlight Stock Market. The total number of shares now stands at 456,229,821, with Selandia Alpha Invest A/S holding about 6.2% of them. The remaining convertible loans total TDKK 1,276, with conversion fees estimated at TDKK 8, covered by Audientes. Audientes is a Danish company focused on affordable hearing technology, listed on the Spotlight Stock Market Denmark.
During Q4 2024, Audientes strengthened its market presence in Europe by appointing Stefan Lundström as European Sales & Marketing Director and initiated a joint venture in China, ZhiYinYou Technology Limited, to develop localized smart hearing solutions. The company's software licensing strategy advanced, with the joint venture as the first licensee. In Japan, a localized version of the Companion hearable product became available. The Chinese medical device approval for the Ven hearing aid began, targeting market availability in early 2026. Financially, the company reported revenue of TDKK 840 for 2024, below expectations, but Q4 2024 revenue improved to TDKK 750. EBITDA for Q4 2024 was DKK -1.5 million, with a full-year EBITDA of DKK -5.4 million, showing improved cost efficiency. Staff costs decreased by 45% year-over-year. The company secured DKK 1.3 million through a directed share issue and converted DKK 0.4 million in debt to equity. Equity at year-end was TDKK 1,199, and efforts are ongoing to secure further capital, including a corporate bond issuance expected in March 2025. Post-Q4 2024, Audientes signed a distribution agreement with Audivista in Turkey, expecting sales revenue to exceed DKK 4 million over two years. The company is preparing for an Amazon launch in Europe and continued commercialization efforts in Japan. Audientes A/S is a Danish hearing technology company focused on smart, self-fitting, and affordable hearing aids, listed on Spotlight Stock Market Denmark.
Audientes planerar att ge ut en företagsobligation på upp till 15 miljoner DKK under första kvartalet 2025 för att finansiera sin marknadsexpansion och produktutveckling utan att späda ut nuvarande aktieägare. De har anlitat MK Brokers AD för att hantera obligationsemissionen. Efter att ha utvärderat olika finansieringsalternativ valde de BEAM-marknaden i Bulgarien på grund av dess investerarintresse för SME-obligationer, snabbare noteringsprocess, strategiska regionala exponering och flexibla obligationsvillkor. Audientes kommer att ge fler uppdateringar beroende på marknadsvillkor och godkännanden. Audientes är ett danskt företag som tillverkar hörapparater och är noterat på Spotlight Stock Market Denmark. MK Brokers AD är en bulgarisk finansmäklare specialiserad på kapitalmarknadstransaktioner.
Audientes plans to issue a corporate bond of up to DKK 15 million in early 2025 to support its market expansion and product development without diluting current shareholders. The company has hired MK Brokers AD, a Bulgarian financial advisor, to assist with the bond's structuring and execution. After evaluating financing options, Audientes chose the BEAM market in Bulgaria for its strong investor interest in SME bonds, efficient listing process, strategic regional exposure, and competitive bond terms. The bond issuance is contingent on market conditions and final approvals. Audientes is a Danish company specializing in affordable hearing aids and is listed on the Spotlight Stock Market Denmark. MK Brokers AD is a financial intermediary in Bulgaria focusing on capital market transactions and SME financing, licensed by the Bulgarian Financial Supervision Commission.
Audientes planerar att ge ut en företagsobligation på upp till 15 miljoner DKK under första kvartalet 2025 för att finansiera marknadsutvidgning och produktutveckling utan att späda ut nuvarande aktieägare. De har anlitat MK Brokers AD som finansiell rådgivare för att hantera obligationsutgivningen. Efter att ha granskat olika finansieringsalternativ valde Audientes BEAM-marknaden i Bulgarien för sin attraktiva investerarmiljö, snabba och kostnadseffektiva noteringsprocess, regionala exponering och flexibla obligationsvillkor. Ytterligare uppdateringar kommer att ges när processen fortskrider, och utgivningen är beroende av marknadsvillkor och slutgiltiga godkännanden. Audientes är ett danskt företag specialiserat på prisvärda och avancerade hörapparater och har sitt huvudkontor i Köpenhamn. MK Brokers AD är en bulgarisk finansiell mäklare specialiserad på kapitalmarknadstransaktioner.