VT5 publishes half-year report 2022/2023 and activity update

VT5 Acquisition Company AG / Key word(s): Half Year Results VT5 publishes half-year report 2022/2023 and activity update 29-Jun-2023 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Adhoc announcement pursuant to Art. 53 LR

29 June 2023

VT5 publishes half-year report 2022/2023 and activity update

• Detailed discussions with a promising candidate for a business combination are progressing well, talks with other candidates continue
• As of 30 April 2023, the balance sheet total amounted to CHF 202.6 million of which CHF 198.5 million are held in escrow, to which interest income is added on a quarterly basis (CHF 199.1 million incl. accrued interest income and withholding taxes)
• Underlying cash balances held in escrow of CHF 9.93 per publicly traded Class A Share (CHF 9.95 incl. accrued interest income and withholding taxes)
• Discussions with VT5’s Sponsor VERAISON Capital regarding its soft commitments given as Sponsor in the IPO are ongoing with the aim to find a mutual solution that is in the best interest of shareholders

In the first half of VT5’s 2022/2023 reporting year ending 30 April 2023, the intensive work on the quest for a suitable company for an attractive business combination with VT5 Acquisition Company AG (VT5) continued. After exploring many interesting leads, the team has identified a promising candidate with whom detailed discussions are progressing well. Meanwhile, the team continues talks with further candidates. From the original gross proceeds of TCHF 7,059 from the Founder and Sponsor shares, TCHF 3,436 Founder and Sponsor funds are available as of 30 April 2023 for the process until a business combination is reached.

After the balance sheet date, the Board of Directors had been informed by its Sponsor VERAISON Capital that there is uncertainty regarding its soft commitments. Discussions with VERAISON Capital are ongoing with the aim to find a mutual solution that is in the best interest of shareholders. As communicated on 5 June 2023, the situation has also created some uncertainties with potential candidates.