Softweb Adaptive I.T. Solutions S.A. hereby informs you of the allocation of the funds raised during the three-year period 2024–2026.
The raised funds have been allocated in accordance with the relevant Prospectus for Admission to Trading on the Athens Stock Exchange’s EN.A. Growth market, dated July 22, 2024.
In accordance with the provisions of the Company’s Prospectus, the funds raised from the listing of its shares on the Athens Stock Exchange’s EN.A. Growth market were intended to finance specific investment and development initiatives during the 2024–2026 period, with a total budget of €756,800.
As shown in the tables above, the funds raised were allocated exclusively for the purposes originally announced, namely to strengthen the sales department, the implementation of research and development activities, the promotion and marketing of the Company’s products and services, the procurement of production and technological equipment, as well as the upgrading of its building infrastructure.
The total amount allocated amounted to €756,800 and corresponds to the total funds provided for in the approved investment plan.
There were no discrepancies between planned and actual expenditures by investment category, and the program’s implementation rate stands at 100%. In addition to the full allocation of funds raised through the capital increase, the Company has also made additional investments in the same strategic sectors, financed by equity and operating cash flows.
These investments further strengthen the Company’s growth trajectory, its competitiveness, and value for its shareholders. The completion of the investment program contributed to strengthening the Company’s commercial activity, research and development operations, market recognition, and overall operational infrastructure, supporting the implementation of its growth strategy.