Nordic Issuing

Ongoing case

Tendo AB

14 Mar - 28 Mar 2022IPO

Tendo was founded in 2016 with the ambition to help people with limited hand function in order to allow these people to take care of their everyday-tasks on thier own without help from a personal assistant. With this ambition Tendo contributes with a significant improvement regarding quality of life as well as personal independence.

The first product, Tendo OneGrip, is made to assist a person to grip, hold and release objects by pulling artificial tendon – like a puppeteer. It’s specially made for people who struggles with everyday activities due to e.g. a spinal cord injury. The product is minimalistic designed and is controlled fully intuitively by the body’s own movement and is able to react to a movement that the body it self is cannot respond to.

Read more on the company's website

The offer in summary

Subscription period: 14 March 2022 - 28 March 2022

Subscription price: 13.50 SEK per unit which corresponds to 6.75 per share. Each unit consists of two (2) shares and one (1) warrant of series TO 1. The warrants are free of charge.

Minimum acquisition: 350 units which corresponds to 4 725 SEK

Emission volume: About 19 MSEK

Valuation (pre-money): About 25 MSEK

First day of trading: 6 April 2022

Market place: Spotlight Stock Market

Financial advisor: Sedermera Corporate Finance

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Due to restrictions in applicable law in the United States, Canada, Australia, Hong Kong, Singapore, South Africa, Switzerland, New Zealand, Japan, Russia, Belarus or other countries where participation requires further prospectuses, registrations or actions other than those under Swedish law, the offer to subscribe for securities in this offer is not directed at persons or others with registered address in any of these countries.