Aimondo AG – Company Conference December 2025

MBO update | Motto: “Make it Big”

Zurich, January 2026. Just in time for the end of the year, the essential steps for transferring the business to the management team and core investors were successfully completed. Shortly before Christmas, the MBO[1] team acquired all shares in a Nordic public limited company (Riga/Latvia) that is already registered on the Nasdaq Baltic[2] (but not yet listed on the stock exchange, which will be the next step).

Further operational steps will be necessary in the coming months to complete the full transition of work levels, processes and systems. However, these measures relate to operational implementation and no longer to the fundamental strategic orientation. The target structure of the new company is in place, consisting of the new AG in Riga as the parent company and three associated operating subsidiaries in Germany (Düsseldorf), the UK (London area) and Cyprus (Paphos).

The planned complete substitution of the securities (“participation certificates”) of Aimondo AG through a targeted voluntary 1:1 exchange after a capital increase[3] into voting shares of the newly established company also creates the basis for further growth within the progressive Nordic legal framework – supplemented by cost-efficient Cypriot quality production.

The two founders, Heinrich Müller and Manfred Peters, have committed to continuing to support the company in a technical leadership (Heinrich Müller) and entrepreneurial advisory (Manfred Peters) capacity. Both have waived larger share packages in favour of the shareholders, but remain involved as co-owners with significant holdings.

Following the planned completion of the securities exchange, the majority of votes (42.5%) will be held by the previous holders (“existing shareholders”) of the formerly non-voting participation certificates, with a further 10% held by the core shareholders involved in the MBO ( ), meaning that the investors will hold a total of at least 52.5% of the new company structure.

The chosen path was explained in detail during an open investor dialogue and an information event held in December 2025. The previous team’s approach of drastically reducing costs – albeit at the expense of expansion – while simultaneously driving forward technical development was unanimously welcomed. Thanks to an unwavering belief in the success of artificial intelligence (AI) in online retail since 2017, the company was able to weather the coronavirus pandemic and other heavy blows. These blows hit hard, partly due to quasi-public investigations by the judicial bureaucracy, which, at least in the early stages of the company’s history, clearly had little understanding of AI, because of the bond and share offerings to you as investors, which were nevertheless approved by BaFin.

Many of the investors who attended the video conferences in December 2025 expressly praised what they saw as the extraordinary resilience of the initiators, board members and employees. They also praised their willingness to strengthen the company’s tight finances through constant subordinated injections and years of personal sacrifice in terms of leisure time, security and prosperity.

AI-supported re-pricing thus became a multifunctional management tool for profit, cash and balance sheet optimisation in online retail. Early on, it positioned itself as Agentic AI[4] . Today, this is considered a key growth driver that is transforming the online shopping experience in the long term. When comparing similar products, the majority of consumers in online B2C retail are primarily guided by price, which corresponds to a Pareto[5] -like pattern of purchasing decisions.

During an open investor dialogue, some investors even received the agenda by email from Thomas Baierlein, the internationally successful manager and AG board member, after the company conference. Some of them wanted to know how they could still make a positive contribution and made clear, constructive suggestions. Discussions on this are taking place with the management team of the new company. “Make it big” was and is the overriding goal for a dynamic business and stock market launch by the MBO team.

[6] forecasts unanimously predict 2.5 to 3 times growth (CAGR[7] ) in the overall market for AI-supported e-commerce by 2030.

[8] ‘s proof of concept (PoC) has already been proven with annual sales growth of approximately 50% and break-even achieved in 2020, 2021 and 2022. In 2023, the Aimondo Group was able to report a positive full-year result for the first time. This is the solid foundation of an already well-advanced, operationally stable, de-risked[9] start-up.

Questions, requests and suggestions regarding the MBO status can now be sent to info@ainstyntiy.com .

Questions about the expected exchange offer for Aimondo participation certificates for voting shares in MBO Team Aktiengesellschaft can also be sent to this address.

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[1] MBO = Management Buy Out – A management buyout (MBO) is a form of company takeover in which the existing management and/or investors of a company acquire its shares from the previous owners and/or majority shareholders and then continue to run the business themselves. This is often financed by debt capital and private equity investors to enable a smooth succession or restructuring. What makes this special is that the buyers already know the company well, which often facilitates the transaction but poses a challenge for financing the shares.

[2] nasdaqbaltic.com

[3] A capital increase of a public limited company (AG) through a contribution in kind means that the share capital is increased not with money but through the contribution of tangible assets (e.g. patents, entire companies, etc.), for which new shares are issued.

[4] (Agentic AI) – Agentic AI is a software process chain designed to interact with data, algorithms and tools, requiring minimal human intervention. With a focus on goal-oriented behaviour, agentic AI can accomplish tasks by working through a list of steps and then executing them independently as a result transformation.

[5] The Pareto principle (80/20 rule) describes a frequently observed asymmetrical distribution in which a large proportion of the results are determined by a comparatively small proportion of the causes. In online B2C commerce, this often manifests itself in the fact that price – with comparable performance parameters such as reliability, payment method and delivery time – is the decisive factor in the vast majority of purchasing decisions.

[6] Example – Compound Annual Growth Rate (https://straitsresearch.com/de/report/artificial-intelligence-market)

[7] Compound annual growth rate (CAGR) is the average annual growth rate as a business, economic and investment term that represents the average annual growth rate for composite values over a specific period.

[8] A proof of concept (PoC) is a demonstration that an idea, concept or technology already works in practice and is feasible before major investment decisions are made. This confirms both feasibility and effectiveness and minimises technical and economic risks.

[9] A “de-risked” start-up is a young company that has successfully addressed the usual major uncertainties – such as lack of market demand, technical or financial feasibility – through targeted measures, thereby becoming more attractive to investors and customers.

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