Terranet’s rights issue oversubscribed

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Terranet AB (“Terranet” or the “Company”) has completed the rights issue of units, consisting of shares of series B and warrants of series TO9 B, which the Board of Directors decided on April 16, 2025, and was approved by the Annual General Meeting on May 23, 2025 (the ‘Rights Issue’). The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. In addition, the Company has received subscription applications for 4,704,934 units, corresponding to approximately 33.9 percent of the Rights Issue, for subscription without unit rights. In total, 15,054,830 units were subscribed for with unit rights and subscription applications, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed and will raise approximately SEK 15 million before issue costs. No underwriting commitments will be utilised.

Outcome of the Rights Issue
The subscription period in the Rights Issue ended on June 11, 2025. The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. Furthermore, the Company has received subscription applications to subscribe for 4,704,934 units without unit rights, corresponding to approximately 33.9 percent of the Rights Issue. Thus, 15,054,830 units were subscribed for with and without unit rights, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed, and no underwriting commitments will be utilised.

Each unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. In total, 13,880,714 units will thus be allocated, corresponding to 166,568,568 newly issued B-shares and 41,642,142 warrants of series TO9 B.

Through the Rights Issue, the Company will receive approximately SEK 15 million before issue costs. Upon full utilisation of all warrants of series TO9 B within the framework of the offered units, the Company may receive an additional maximum of approximately SEK 15.1 million.