Neonode Technologies AB is facing market skepticism amid speculation of a forthcoming settlement related to patent licensing and litigation. The company held an extraordinary general meeting on August 20, 2025, during which new Articles of Association were unanimously adopted, prompting speculation that the settlement amount is already known internally. Market participants anticipate a settlement with Aequitas, which could trigger Neonode's contractual obligation to receive 50% of the net proceeds. This obligation would initiate a mandatory disclosure within four business days, as per regulatory requirements. Analysts and traders are expressing bearish sentiment on Neonode's stock, citing expectations that the settlement amount will fall below market hopes, with some targeting a decline to $2 per share. There is also discussion about the impact of non-disclosure agreements (NDAs), with the consensus that NDAs cannot override federal laws requiring timely disclosure. The situation has attracted attention from Swedish retail investors and dedicated trading groups, highlighting the heightened interest and volatility around Neonode's shares.