Achiko AG completing CHF4.85m financing and changes to senior team
EQS-Ad-hoc: Achiko AG / Key word(s): Financing Achiko AG completing CHF4.85m financing and changes to senior team - Completing CHF 4.85 million placement from August 2021 - Board Director Christophe Laurent to retire - Appoints Adam O'Keeffe as ad interim Chief Financial Officer Zurich, 31 December 2021: Ad hoc announcement pursuant to Art. 53 LR - Achiko AG (OTCQB: ACHKF; SIX: ACHI; ISIN CH0522213468) ("Achiko", the "Company") is moving to complete a CHF 4.85 million funding transaction with strategic investors that began in August 2021, and includes the retirement of the outstanding portion of its obligations to Yorkville Capital Management LLC, and the capital increase announced earlier this month. The financing will be used to restructure operating costs and support the Company's commercialisation of its unique healthtech ecosystem-an affordable, non-invasive Covid-19 rapid test AptameX(TM), integrated with Teman Sehat(TM) (Health Buddy), a digital passport solution that provides assurance services in Indonesia as well as manufacturing and sales efforts globally upon completion of CE mark registration in Q1 2022. Production of its second-generation rapid test kit has commenced and the Company is now responding to inquiries and developing a sales pipeline in Indonesia as well as other parts of Asia and EMEA. "We are immensely grateful for the support and trust that we've received from all our investors and shareholders," said Achiko CEO Steven Goh. "It's evident that Covid-19 will be around long term and diagnostic testing needs to be integrated into a layered Covid -19 response along with vaccination and antiviral treatments to limit the human and economic impacts. We look forward to further advancements in 2022 as our unique platform has an integral role in how we go about our daily lives and return to a semblance of our old normal." Finally, the Company will move to update its Board in early 2022, with the retirement of Christophe Laurent, and the appointment of Adam O'Keeffe as CFO ad interim, following our former CFO Robert Rieder's decision to pursue opportunities in the private sector. Mr O'Keeffe is a senior finance specialist with over 20 years' experience working within the business services and taxation industry. He has worked with leading technology and innovation businesses who specialise in areas of health sciences, technology, artificial intelligence, biotech and manufacturing. ABOUT ACHIKO AG Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameXTM and companion health apps via its digital mobile health technology division, Teman SehatTM. The AptameX DNA aptamer tests can be rapidly chemically synthesised, are cost-effective and have wide potential across multiple disease diagnostics. Leveraging AptameX and Teman Sehat, Achiko aims to deliver fast, accurate and affordable diagnostic testing for a range of pathogenic diseases and therapeutic indications in the rapidly evolving healthcare diagnostics field. Headquartered in Zurich, Achiko has offices in Hong Kong, Jakarta, Seoul and Singapore. Media contacts: Switzerland & Global U.S. & Global Disclaimer End of ad hoc announcement |
Language: | English |
Company: | Achiko AG |
Tessinerplatz 7 | |
8002 Zurich | |
Switzerland | |
E-mail: | ir@achiko.com |
Internet: | https://www.achiko.com/ |
ISIN: | CH0522213468 |
Valor: | 48788430 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1263686 |
End of Announcement | EQS News Service |
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1263686 31-Dec-2021 CET/CEST