Innowearable is in continuing negotiations with Tekmovil, which has drawn up a budget and proposal for a company name
Innowearable plans to adopt a new name in connection with the reverse acquisition. The operating business is planned to be placed in a subsidiary which will sell mobile phones under the Samsung brand and brandless products (so-called white-label mobiles). The Company will sell its products to leading mobile operators in Mexico, Colombia, Peru, Chile and Ecuador. The products will also be sold through direct marketing on the above markets. The company is expected to have sales of SEK 200 million in 2024 and SEK 2.4 billion in 2025, based on indicative estimates from leading mobile