123fahrschule SE

The federal cabinet has approved the bill for the driving licence reform, with entry into force on 1 January 2027 considered on track. 123fahrschule SE is ending in-person theory instruction as part of the reform and moving all theoretical training to its own e‑learning platform; roughly half of its rental contracts have already been terminated. Subsidiary Foerst is launching simulator version 10.6 with 4K image quality and is working on an AI driving instructor; at the same time, 123fahrschule is planning a three-stage expansion strategy with flagship locations in the 30 largest German cities and partnerships for medium and small markets. » Plus sur finanzen.net

123fahrschule approves a cash capital increase of 400,000 shares and issues them to institutional investors at EUR 2.55 each; the offering was oversubscribed. The placement brings roughly EUR 1m into the company before costs, and share capital rises to EUR 5,958,302. Net proceeds are to be used, after deducting costs, to prepare for upcoming legal changes related to the digitization of the driving school sector. » Plus sur de.investing.com

The management board and supervisory board of 123fahrschule SE intend to issue up to 400,000 new shares (around 7% of share capital) in a prospectus-free private placement to qualified investors. The placement price per share has been set at 2.55 EUR; the shares will be entitled to profits from January 1, 2025. The net proceeds from the issue are intended to finance preparations for extensive legislative changes aimed at digitizing the driving school sector. Execution is planned for March 2026; NuWays AG is accompanying the placement and mwb fairtrade will handle the technical processing. » Plus sur de.investing.com