InCoax shifts to direct sales, pivots away from Nokia integration focus
NOK•InCoax plans to move from its Nokia development and integration effort to direct sales focused on selected customers, targeting materially lower development costs. TO2 warrants were not exercised because the share traded below the SEK 0.60 subscription price, and the company expects to need additional capital before the end of 2026.
1. Shift to direct sales
InCoax plans to pivot from its Nokia development and integration effort to direct sales focused on selected customers. Sales responsibility is expected to shift to InCoax, and the company plans to remove contractual limits that blocked direct approaches to customers. Management targets materially lower development costs, citing a strengthened carrier-grade platform to support commercialization.
2. Funding needs remain
TO2 warrants were not exercised because the share traded below the SEK 0.60 subscription price, removing the expected funding. InCoax is reviewing alternative financing and expects to need additional capital before the end of 2026.
