An unknown buyer acquired 11.116279% stake in Knowledge AI Inc. from Anoto Group AB (publ) for $12 million on May 29, 2023. Anoto Group announces that it has sold 1 million shares of common stock of its education subsidiary Knowledge AI. The transaction was done at $12 million on a fully diluted basis. After the sale, Anoto will still own 4.3 million shares of Knowledge AI, 47.8% on outstanding number of shares. The 1 million shares were sold to an investment company based in the United Kingdom. Anoto Group AB done with the offering and the sale of KAIT shares, Anoto will raise a total of $6.7 million which will enable them to expand and grow. The sale of KAIT shares was intended to reduce dilution for Anoto shareholders and to achieve independent company status for KAIT for it to be self-sufficient and eliminate dependency on Anoto while maintaining a meaningful stake for Anoto in KAIT.

An unknown buyer completed the acquisition of 11.116279% stake in Knowledge AI Inc. from Anoto Group AB (publ) on May 29, 2023.