ATOSS Software SE Announces Private Placement to Enhance Stock Liquidity

ATOSS Software SE's major shareholders, AOB Invest GmbH and General Atlantic Chronos GmbH, plan a private placement of shares totaling approximately €130 million. The placement aims to boost the free float and liquidity of ATOSS Software's stock.

An accelerated bookbuilding process with institutional investors will facilitate the sale of shares in equal parts by AOB Invest and General Atlantic. Furthermore, the transaction will settle a forward purchase and sale agreement from June 2023.

Post-placement, AOB Invest will retain a 22% shareholding, while General Atlantic will increase to 22%. This move is expected to benefit ATOSS Software by increasing stock liquidity and expanding the institutional investor base.

A 180-day lock-up period will follow the transaction completion. Additionally, both parties reaffirm their long-term commitment to ATOSS Software, adhering to a previously agreed four-year lock-up period.