NFON AG (XTRA:NFN) announced a private placement of 1,505,555 common shares on March 25, 2021 on March 31, 2015. The transaction will include participation from qualified investors from Germany and other selected jurisdictions. The securities issued will be subject to lock in period of 3 months. The transaction has been approved at the supervisory board of company.
Nfon AG is a Germany-based company that provides cloud-based telephone systems. Its product and service offering includes primarily NFON Cloud Telephone System, a public multi-tenant PBX delivering servicing from the cloud, as well as specialist solutions. The Companyâs services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. Its customers range from local small businesses to international large enterprises. The Company is active in various European countries, including Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, the United Kingdom, Slovenia, Slovakia, Spain, Croatia, Romania and Portugal.