Neonode Terminates Agreement with Redeye

Neonode Inc. (NASDAQ: NEON) has terminated its corporate broking services agreement with Redeye AB.

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Rhea-AI Summary

Neonode Inc. (NASDAQ: NEON) has terminated its corporate broking services agreement with Redeye AB. This agreement had previously provided Neonode with financial advisory and investor relation services. Despite this change, Neonode remains committed to enhancing shareholder value and will be exploring alternative options to ensure effective communication with its stakeholders and the broader investment community.

For further information, stakeholders are directed to contact Fredrik Nihlén, the Interim President and Chief Executive Officer, as well as Chief Financial Officer of Neonode.

Positive

Commitment to enhancing shareholder value
Exploring alternative options for investor communication

Negative

Termination of financial advisory and investor relation services agreement

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10/04/2024 - 09:26 AM EDT

STOCKHOLM, Oct. 4, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today announced that the Company has terminated its corporate broking services agreement with Redeye AB ("Redeye"), pursuant to which agreement Redeye provided Neonode with financial advisory and investor relation services.

The Company remains committed to enhancing shareholder value and will be exploring alternative options to ensure effective communication with its stakeholders and the broader investment community.

For more information, please contact:
Interim President and Chief Executive Officer and Chief Financial Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/neonode/r/neonode-terminates-agreement-with-redeye,c4047277

The following files are available for download:

https://mb.cision.com/Main/17297/4047277/3039331.pdf	Neonode Terminates Agreement with Redeye
https://news.cision.com/neonode/i/neonode-terminates-agreement-with-redeye,c3339997	Neonode Terminates Agreement with Redeye

View original content:https://www.prnewswire.com/news-releases/neonode-terminates-agreement-with-redeye-302267738.html

SOURCE Neonode

FAQ

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Why did Neonode (NEON) terminate its agreement with Redeye?

The press release does not specify the reason for terminating the agreement with Redeye. Neonode simply announced the termination of their corporate broking services agreement.

What services did Redeye provide to Neonode (NEON)?

Redeye provided Neonode with financial advisory and investor relation services under their corporate broking services agreement.

How will Neonode (NEON) maintain investor relations after terminating the Redeye agreement?

Neonode stated they will be exploring alternative options to ensure effective communication with stakeholders and the broader investment community.

When did Neonode (NEON) announce the termination of its agreement with Redeye?

Neonode announced the termination of its agreement with Redeye on October 4, 2024.

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Neonode Terminates Agreement with Redeye