Avanza Pension Boosts Neonode Stake to 8.25%

TL;DR

**Avanza Pension now owns 8.25% of Neonode, a bullish sign for the stock!**

AI Summary

Forsakringsaktiebolaget Avanza Pension, a Swedish pension fund, filed an amended SC 13G/A on January 5, 2024, disclosing a beneficial ownership of 1,267,016 shares of Neonode Inc. common stock as of December 29, 2023. This represents 8.25% of Neonode's outstanding shares, indicating a significant institutional stake. This matters to investors because a large, stable institutional holder like a pension fund can signal confidence in the company's long-term prospects, potentially reducing volatility and attracting other investors.

Why It Matters

This filing shows a major institutional investor, Forsakringsaktiebolaget Avanza Pension, maintains a significant stake in Neonode Inc., which can be a positive signal for the company's stability and future outlook.

Risk Assessment

Risk Level: low — The filing indicates a stable institutional ownership, which generally reduces risk for other shareholders.

Analyst Insight

A smart investor would note this significant institutional stake as a potential vote of confidence, but should still conduct their own due diligence on Neonode Inc.'s fundamentals and future prospects before making any investment decisions.

Key Numbers

• 1,267,016 — Shares Beneficially Owned (This is the total number of Neonode Inc. shares Forsakringsaktiebolaget Avanza Pension holds.)
• 8.25% — Percentage of Class (This represents the proportion of Neonode Inc.'s common stock owned by the reporting person.)
• December 29, 2023 — Event Date (This is the specific date that triggered the requirement for this Schedule 13G/A amendment filing.)

Key Players & Entities

• Forsakringsaktiebolaget Avanza Pension (company) — reporting person and beneficial owner
• Neonode Inc. (company) — issuer of the securities
• 1,267,016 (dollar_amount) — number of shares beneficially owned
• 8.25% (dollar_amount) — percentage of class represented by beneficial ownership
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Neonode Inc. stock may experience increased stability due to significant institutional ownership. (Neonode Inc.) — medium confidence, target: next 6-12 months
• Other institutional investors might view Forsakringsaktiebolaget Avanza Pension's stake as a positive signal, potentially leading to further institutional investment. (Neonode Inc.) — low confidence, target: next 3-6 months

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) COMMON STOCK, PAR VALUE $0.001PER SHARE (Title of Class of Securitie

Filing Documents

• tm242043d1_sc13ga.htm (SC 13G/A) — 45KB
• 0001104659-24-001546.txt ( ) — 47KB

(a)

Item 1(a). Name of Issuer: Neonode Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: Karlavägen 100 STOCKHOLM, 115 26 SWEDEN

(a)

Item 2(a). Name of Person Filing: Forsakringsaktiebolaget Avanza Pension

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: Box 1399 STOCKHOLM, 11139 SWEDEN

(c)

Item 2(c). Citizenship: Forsakringsaktiebolaget Avanza Pension is a company organized under the laws of Sweden

(d)

Item 2(d). Title of Class of Securities: Common Stock, Par Value $0.001 per share

(e)

Item 2(e). CUSIP Number: 64051M709 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or Dealer Registered Under Section 15 of the Act (15 U.S.C. 78o) (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c) (c) ¨ Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c) (d) ¨ Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) ¨ Investment Adviser in accordance with § 240.13d-1(b)(1)(ii)(E) (f) ¨ Employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F) (g) ¨ Parent Holding Company or control person in accordance with §240.13d-1(b)(1)(ii)(G) (h) ¨ Savings Association as defined in §3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) ¨ Church plan that is excluded from the definition of an investment company under §3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) CUSIP No.: 64051M709 SCHEDULE 13G Page 4 of 6 Pages (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J) (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K) Item 4. (a) Amount beneficially owned: 1,267,016 (b) Percent of class: 8,25 % (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 1,267,016 (ii) Shared power to vote or to direct the vote: None (iii) Sole power to dispose or to direct the disposition of: None (iv) Shared power to dispose or to direct the disposition of: 1,267,016 Number and Percentage of Shares Beneficially Owned Date 8,25 % / 1,267,016 December 29, 2023 Item 5. Not applicable Item 6. Not applicable. CUSIP

View Full Filing

View this SC 13G/A filing on SEC EDGAR