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Major Shareholder Increases Stake in Ekobot

Company: EkobotListings: First North SwedenTicker: EKOBOTMarket cap at time of publication: 9,1 MSEKStock price at time of publication: 0,588 SEKBusiness: Agtech farming roboticsWebsite: https://www.ekobot.se/ The company's second-largest shareholder and board member, Tord Cederlund, has in the previous week increased his ownership in Ekobot AB (publ) by 340,000 shares. His ownership now stands at 9.1%, up from the previous 6.9%.ESGFIRE views this insider purchase as a possible positive signal for the company's financing situation. The full press release can be found

ESGFIRE comment on Ekobot's financial situation

Company: EkobotListings: First North SwedenTicker: EKOBOTMarket cap at time of publication: 4,3 MSEKStock price at time of publication: 0,27 SEKBusiness: Agtech farming roboticsWebsite: https://www.ekobot.se/ ESGFIRE comment: Ekobot published an update on their financial situation on December 1st, 2023. Unfortunately, the news communicated was less than encouraging. The company reported that the board of directors and CEO are working persistently to acquire financing before the end of 2023. However negative feedback from one of the majority owners regarding the ongoing

Ekobot publishes interim report for January-September 2023

Company: EkobotListings: First North SwedenTicker: EKOBOTMarket cap at time of publication: 13,7 MSEKStock price at time of publication: 0,896 SEKBusiness: Agtech farming roboticsWebsite: https://www.ekobot.se/ ESGFIRE portfolio company Ekobot on 24/11 2023 announced their financial report for January – September 2023. Financially there is not much to comment other than that Cash and cash equivalents at the end of the period totaled SEK 5,614 thousand (2,370). The company is still at a point where sales are not high enough to cover monthly cash burn there is therefore a risk

Ekobot launches the robot weeded 5G-löken together with Telecom giant Telia

Company: EkobotListings: First North SwedenTicker: EKOBOTMarket cap at time of publication: 19 MSEKStock price at time of publication: 1,25 SEKBusiness: Agtech farming roboticsWebsite: https://www.ekobot.se/ ESGFIRE comment: ESGFIRE portfolio company Ekobot today (27/10 2023) announced some exiting news.Telia together with EKOBOT have introduced "5G-löken", a yellow onion where the weed control is performed using an autonomous robot from Ekobot instead of traditional pesticides containing harmful chemicals. This gives a 6 % higher yield on the crop and also a longer

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