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Press Release

Neonode Announces Closing of $13.9 Million Private Placement

Press Release

STOCKHOLM, SWEDEN, August 10, 2020 — Neonode Inc. (NASDAQ: NEON), today announced the closing of a previously-announced private placement of $13.9 million of Neonode’s common stock and convertible preferred stock (the “Private Placement”). Pursuant to the terms of the Private Placement, Neonode issued an aggregate total of 1,611,845 shares of common stock (the “Common Shares”) at a price of $6.50 per Common Share, and 3,415 shares of convertible preferred stock (the “Convertible Preferred Shares”) with a conversion price of $6.50 per share and a stated value of $1,000 per Convertible

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