VOGO Announces Successful €4.25 Million Capital Increase

VOGO has successfully concluded a capital increase of €4.25 million, clearly supported by both longstanding shareholders and new investors. This Transaction involved the issue of 1,053,230 new shares, priced at €4.04 each, with a 15% nominal discount from the volume-weighted average of recent trading days. The proceeds from this capital increase are designated for several strategic initiatives, including the enhancement of VOGO's international sales and the development of its Technology as a Service (TaaS) model.

The subscription requests, ending on May 2, 2024, reached 1,053,230 shares totaling €4,255,049.20, exhibiting robust investor confidence. Christophe Carniel, CEO of VOGO, expressed gratitude towards shareholders and partners like ABEO for their continued trust, which positions the company strongly for a significant sporting year in 2024. The raised funds will aid VOGO in accelerating its sales across diverse geographies and funding innovation in sports technology and performance analytics.