HCM is allotted additional B-shares in Fingerprints’ partially guaranteed rights issue

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On 17 June 2024, a total of 2,557,212,981 shares of series B (“B-shares”) were, as previously communicated, allotted in Fingerprint Cards AB’s (publ) (“Fingerprints” or the “Company”) partially guaranteed issue of B-shares of up to approximately SEK 312.4 million with preferential rights for its existing shareholders (the “Rights Issue”).

As previously communicated, the guarantee commitments which are entered into by an entity managed by Heights Capital Management, Inc. (“HCM”) are, to the extent they would entail that HCM’s shareholding corresponds to 10 percent or more of the total number of votes in the Company, conditional upon a prior positive decision from the Inspectorate of Strategic Products (Sw. Inspektionen för strategiska produkter) (the “ISP”) pursuant to the Screening of Foreign Direct Investment Act (Sw. lag (2023:560) om granskning av utländska direktinvesteringar). Since HCM as of 18 June 2024 had not obtained such FDI Decision from the ISP, HCM was allotted 323,747,886 B-shares (corresponding to 9.99 percent of the total number of votes in the Company) of their total guarantee commitment of 822,090,460 B-shares. HCM has informed the Company that they have divested the B-shares that were allotted to them on 18 June 2024 and that HCM, as a result thereof, have subscribed for an additional 359,679,909 B-shares in the Company (the “Subscription”). The Subscription entails that HCM’s holding in Fingerprints corresponds to approximately 9.99 percent of the total number of votes in the Company and is thus not conditional upon a prior positive decision from the ISP. Through the Subscription, Fingerprints will receive additional proceeds of approximately SEK 32.4 million. The subscription of the 138,662,665 B-shares, which remain of HCM’s guarantee commitments after the completion of the Subscription, is still conditional upon a prior positive decision from the ISP if such subscription would entail that HCM’s shareholding corresponds to 10 percent or more of the total number of votes in the Company.