• Jondetech

  Led · Equity · Mar 2017

  JonDeTech Sensors is a technology company operating in the sensors space. The company carried out a rights issue of units; each unit cost 1.33 kr and comprised two shares plus a warrant. The subscription price per share in the issue was 0.665 kr, while the share closed at 0.739 kr on the last day of subscription, implying a c.10.0% discount per share to the market close. The rights issue was only partly subscribed: the subscription rate excluding guarantors was 43.6% (38.6% via rights and 4.9% without). Emission costs were stated at 4.1 Mkr but noted as outcome-dependent and possibly lower. The article concludes that the outcome means JonDeTech’s long-term financing is not secured and flagged concerns about capital need and the execution of the offering. Jondetech develops ultra-thin infrared sensors that detect thermal radiation and measure heat flow using nanotechnology. The company says its device is the world’s thinnest sensor of its kind and can be integrated into mobile phones, smart patches, computers and various IoT segments. Reported use cases include measuring body temperature (including children's fevers), screen and computer temperatures, and building heat flows to improve energy efficiency. CEO Robert Ekström highlighted the sensor’s small size enabling new integrations, such as mobile phones and smart patches for infant temperature monitoring. The company recently raised €5.2 million to advance its product and commercial efforts. Jondetech intends to use the funding to pursue business with mobile-phone and computer manufacturers, hire more staff, and continue sensor and application development.

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