Smart Eye Completes Acquisition of Sightic Analytics and Resolves on a New Share Issue

Rhea-AI Summary

Smart Eye (OTC PINK:SMTEF) completed the acquisition of Sightic Analytics on 24 February 2026 for a fixed purchase price of SEK 60.5 million.

The price is paid primarily via a set-off issue of 724,544 consideration shares at SEK 83.50 each, causing ≈1.9% dilution and increasing total shares to 38,678,477.

Positive

• Acquisition of Sightic for SEK 60.5 million
• Consideration shares issued via set-off: 724,544 shares
• Share count increases to 38,678,477

Negative

• Approximate 1.9% dilution to existing shareholders
• Largest Sightic shareholders locked up for up to 12 months

News Market Reaction – SMTEF

+1.13%

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+1.13% News Effect

On the day this news was published, SMTEF gained 1.13%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GOTHENBURG, SWEDEN / ACCESS Newswire / February 24, 2026 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) As announced on 4 February 2026, Smart Eye Aktiebolag (publ) ("Smart Eye" or the "Company") entered into an agreement to acquire all shares in Sightic Analytics AB ("Sightic") for a fixed purchase price of SEK 60.5million (the "Purchase Price"). Completion of the acquisition was conditional upon the Swedish Inspectorate for Strategic Products (ISP) leaving Smart Eye's application to acquire all shares without action, which has now been received, and the acquisition has thus been completed.

New share issue and lock-up

The fixed purchase price for all shares in Sightic amounts to SEK 60,500,000, of which SEK 60,499,424 shall be paid through a set-off issue of 724,544 newly issued shares in Smart Eye (the "Consideration Shares"), and SEK 576 shall be paid in cash.

The Board of Directors has today resolved to issue the Consideration Shares based on the issue authorisation from the Annual General Meeting held on 13 May 2025. The subscription price amounts to SEK 83.50 per share and corresponds to the volume-weighted average price (VWAP) for the Smart Eye share, calculated for the last 20 trading days prior to the date of the share purchase agreement, and is paid by offsetting the sellers' claims on the Company. The reason for the deviation from the shareholders' preferential rights is that the issue is carried out as a so-called set-off issue, where the subscription proceeds are paid by setting off claims against Smart Eye.

The new issue will result in a dilution of approximately 1.9 per cent based on the number of existing shares in the Company.

The largest shareholders, who together own more than 92% of the shares in Sightic, will be subject to a gradual undertaking not to sell Consideration Shares for a period of up to 12 months.

Dilution

Through the new issue, Smart Eye's share capital will increase by a maximum of SEK 72,454 from SEK 3,795,393 to SEK 3,867,848. The number of shares will increase by 724,544 from 37,953,933 to 38,678,477.

For further information:

Martin Krantz, CEO Smart Eye AB
Telephone: +46 70-329 26 98
Email martin.krantz@smarteye.se

The information was submitted for publication, through the agency of the contact person set out above, at 16:30 CET on 24 February 2026.

About Smart Eye

Smart Eye is the leading provider of Human Insight AI, technology that understands, supports and predicts human behavior in complex environments. The company is on a mission to bridge the gap between humans and machines for a safe and sustainable future. Supported by Affectiva and iMotions - companies it acquired in 2021 - Smart Eye's multimodal software and hardware solutions provide unparalleled insight into human behavior.

In automotive, Smart Eye's driver monitoring systems and interior sensing solutions improve road safety and the mobility experience. The company's eye tracking technology and iMotions biosensor software platform are also used in behavioral research to enable advanced research in academic and commercial sectors. In media analytics, Affectiva's Emotion AI provides the world's largest brands and market researchers with a deeper understanding of how consumers engage with content, products, and services.

Founded in 1999, Smart Eye is a global company headquartered in Sweden, with customers including NASA, Nissan, Boeing, Honeywell, Volvo, GM, BMW, Polestar, Geely, Harvard University, 28 percent of the Fortune Global 500 companies, and over 1,300 research organizations around the world. 

Visit www.smarteye.ai for more information. 

Visit our investor web for more financial information: https://smarteye.se/investors/

Smart Eye is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Bergs Securities AB.

Attachments

Smart Eye completes acquisition of Sightic Analytics and resolves on a new share issue

SOURCE: Smart Eye

View the original press release on ACCESS Newswire

FAQ

What did Smart Eye (SMTEF) pay to acquire Sightic Analytics on February 24, 2026?

Smart Eye paid a fixed purchase price of SEK 60.5 million. According to the company, SEK 60,499,424 is settled by issuing 724,544 shares and SEK 576 in cash as the remaining consideration.

How many new shares did Smart Eye (SMTEF) issue for the Sightic acquisition and at what price?

Smart Eye issued 724,544 consideration shares at SEK 83.50 per share. According to the company, the subscription price equals the 20-day VWAP used to set the set-off issue price.

What is the shareholder dilution impact of Smart Eye's set-off issue (SMTEF)?

The set-off issue results in approximately 1.9% dilution to current shareholders. According to the company, shares rise from 37,953,933 to 38,678,477, increasing share capital by SEK 72,454.

Are Sightic sellers subject to any lock-up after the SMTEF share issue?

Yes, major sellers are subject to a gradual lock-up of up to 12 months. According to the company, the largest shareholders, owning over 92% of Sightic, agreed not to sell immediately.

How was the set-off issue authorized for Smart Eye (SMTEF)?

The Board resolved the set-off issue using the AGM authorisation from 13 May 2025. According to the company, the issue deviates from preferential rights because it is a set-off where claims are offset against share subscription.

What immediate share capital change resulted from Smart Eye's new issue (SMTEF)?

Share capital will increase by a maximum of SEK 72,454, from SEK 3,795,393 to SEK 3,867,848. According to the company, this change follows issuance of 724,544 new shares in the set-off transaction.