Neonode Inc. announced the termination of its corporate broking services agreement with Redeye AB. Under this agreement, Redeye AB had provided Neonode with financial advisory and investor relation services. The termination is effective immediately.
The company stated its commitment to enhancing shareholder value and will explore alternative options for effective communication with its stakeholders. This move indicates a re-evaluation of its investor relations strategy.
Fredrik Nihlén, Neonode's interim President and Chief Executive Officer and Chief Financial Officer, confirmed the termination. The company aims to ensure continued effective engagement with the broader investment community through new approaches.
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