VT5 activity update 9M 2022/2023

VT5 Acquisition Company AG / Key word(s): 9 Month figures VT5 activity update 9M 2022/2023 30-Aug-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. Ad hoc announcement pursuant to Art. 53 KR 30 August 2023

VT5 activity update 9M 2022/2023

Discussions with a compelling combination partner are progressing to due diligence

VT5 Acquisition Company AG (VT5) today reports on the further progress in its search for a suitable technology company at the heart of long-term industry trends with whom to realize a successful business combination (De-SPAC).

As already announced together with the half-year results at the end of June, VT5 has identified a compelling combination candidate with whom detailed discussions have been progressing well to the extent that a letter of intent including exclusivity of negotiations and a defined time plan has been concluded with the potential combination partner. In the fourth quarter of the reporting year, VT5 advances the detailed evaluation of the contemplated transaction with confidence.

With cash balances in escrow of CHF 199.3 million as of 31 July 2023 to which interest income is added on a quarterly basis (CHF 200.0 million including accrued interest income and withholding taxes), VT5 offers access to liquidity and capital for private companies with expansion ambitions and an elegant, fast-track solution to become a SIX-listed company. The publicly traded Class A Shares of VT5 are backed by these funds in escrow and on an adjusted basis carried an equity value of CHF 9.97 per share as of 31 July 2023 (CHF 10.00 incl. accrued interest income and withholding taxes). The cash balances in escrow are currently yielding 1.75%. 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 31 July 2023 which will be used for the due diligence and De-SPAC process if due diligence confirms our positive impression about the target.