Teneo.ai Plans SEK75 Million Rights Issue Under Debt Restructuring Deal

MT Newswires · 2d ago
04:08 AM EDT, 07/27/2026 (MT Newswires) -- Teneo.ai (TENEO.ST) agreed with lender Capital Four to restructure a 290 million-krona full senior loan and plans a rights issue of at least 75 million kronor. Under the agreement, Capital Four will convert most of its outstanding claim into shares and receive 10 million kronor in cash after the offering, according to a Monday release. It will also secure the right to future profit sharing worth 25 million kronor. Following the restructuring, loan conversions, and rights issue, the lender will own 29.9% of the technology company. The company also secured 10 million kronor in bridge financing, with 8 million kronor to be set off against shares in a rights issue, and the remaining amount to be repaid after its completion. Additionally, Teneo.ai agreed to convert the 25 million-krona subordinated loan at the start of the year into shares. The loan conversions are subject to shareholder approval at an extraordinary general meeting scheduled for Sept. 30.