Exciting news from the forefront of educational technology! We at Shape Robotics are thrilled to share that we’ve officially sealed the deal on acquiring Skriware S.A., a Polish powerhouse in the EdTech world. This strategic move is part of our mission to reshape learning through innovation.
The Deal Breakdown: Here’s the scoop: Shape Robotics and Skriware’s shareholders shook hands on an acquisition worth EUR 5.1 million. How are we doing it? Through a share swap! Skriware’s shareholders are now proud owners of 1.16 million new shares in Shape Robotics, and they’re on board with us for the long haul, thanks to a lock-up period that secures their shares for up to 18 months.
Why Skriware? Imagine a classroom where 3D printers and robots are as common as pencils and notebooks. That’s the world Skriware has been building with its innovative SkriLab. And guess what? It aligns perfectly with our STEAM Labs, making this partnership a match made in EdTech heaven.
What’s In It For Us – And You: This isn’t just about growth; it’s about bringing a revolution to classrooms across Poland and Europe. Skriware’s financials are solid (we’re talking MDKK 38 in revenue and MDKK 4 EBITDA for 2022), and this union is set to send those numbers sky-high. Stay tuned for our 2024 financial outlook – it’s going to be exciting!
Share the News: Alongside the acquisition, we’ve issued new shares to the Skriware folks and brought five new private investors into the fold. This capital boost is set to rocket us towards our goals at warp speed.
What’s Next? Over the next few days, we’ll be dotting the i’s and crossing the t’s to register this increase in share capital. Soon after, you’ll see these new shares hitting the market on Nasdaq Copenhagen, fully equipped with all the rights of the existing shares.
The Big Picture: Once the dust settles, our shared capital will stand at over 14 million shares. This represents a significant milestone for us, as the new shares will make up about 10.67% of our total capital after the increase. Our CEO, André Fehrn, can barely contain his excitement: “Merging with Skriware is like finding our educational soulmate. Together, we’re going to make learning with tech the norm, not the exception.”
Keep Your Eyes on Us: There’s never been a better time to watch this space. We’re on the move, and we’re not slowing down.
For more insights into our journey, follow along on our blog, and don’t hesitate to reach out with questions or a simple hello!