Mendus publishes prospectus regarding previously announced rights issue and directed issue

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.

On June 8, 2023, Mendus AB (publ) ("Mendus" or the "Company"), (NASDAQ Stockholm: IMMU), announced that the Board of Directors had resolved on, subject to the general meeting’s subsequent approval, a capital raise of approximately SEK 317 million (the “Transaction”), comprised of a directed issue of shares and warrants to Flerie, of approximately SEK 90 million (the “Directed Issue”), in combination with a rights issue of units of approximately SEK 227 million (the “Rights Issue”). On July 10, 2023, the extraordinary general meeting approved the Board of Directors resolution on the Rights Issue and the Directed Issue. The prospectus for the Rights Issue and the Directed Issue has today been approved and registered by the Swedish Financial Supervisory Authority and published on the Company's website.

Publication of the prospectus

Complete information on the Rights Issue and the Directed Issue is included in the prospectus prepared by the Board of Directors of the Company and which today, on July 11, 2023, has been approved by the Swedish Financial Supervisory Authority (Finansinspektionen). The prospectus is available on the Company's website, www.mendus.com, together with all other information related to the Transaction. The prospectus is also available on Pareto Securities' website, www.paretosec.com, and will be made available on the website of the Swedish Financial Supervisory Authority, www.fi.se.

Summary of the Rights Issue

• Shareholders of Mendus receive one (1) unit right per share held on the record date today July 11, 2023.
• Three (3) unit rights entitle to subscription of one (1) unit consisting of seven (7) newly issued shares and two (2) warrants of series TO3.
• The subscription price is SEK 3.36 per unit, corresponding to SEK 0.48 per share. The warrants are issued free of charge.
• The Rights Issue is fully covered by subscription commitments and guarantee commitments.
• Upon full subscription of the Rights Issue, Mendus will receive approximately SEK 227.0 million. Upon full exercise of the warrants of series TO3 from the Rights Issue, the Company will receive additional proceeds of up to approximately SEK 64.9 million before deduction of transaction related costs.