Tonner Drones provides further details on the right issue

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Tonner Drones provides further details on the right issue

Paris, September 23^rd, 2025, 08:00, Tonner Drones (’the Company’) provides further details on the right issue.

Tonner Drones has launched a capital increase for shareholders with preferential rights. The company understands that this can be a complex process and will therefore provide further clarification in this announcement. It hopes this will adequately answer shareholders' questions.

• Objectives
  To strengthen the cash position for R&D and investment budget; to reduce debt and thereby lower financial costs.
  
  
• Amount of operation
  Approximately €1,05M to €1,2M.
  Dilution limited to 7% to 8%.
  
  
• Subscription   
  All shareholders have the right to participate to the operation.   
  For every 14 shares a current shareholder owns, they can buy 1 additional share for a price of €0.0270 per share. The final deadline for subscription is October 1^st; please be advised that certain financial institutions may have an earlier deadline.          
  
  
• Preferential rights (FR0014012NK1, TDDS)   
  All shareholders will receive a subscription right that could be used to subscribe to the new shares. Subscription rights will also be publicly traded. The trading dates are from September 23^rd to September 29^th (included).        
  
  
• Warrants (BSA)          
  Tonner Drones will issue BSA’s to its shareholders under various conditions.    
  Warrants are further described in the following paragraph. And the BSA-1, BSA-2, and BSA-3 are described in the calculation example.

BSA’s are rights that allow shareholders to purchase Tonner Drones shares in the future when the share price develops favourable. The shareholder will receive BSA-1 and possibly BSA-2 when they participate in the capital increase. BSA-3 will be issued to all shareholders in the same way as the company did in August 2024. Tonner Drones distributed BSAs to all shareholders when the share price was around €0.010. Shareholders were given the right to purchase additional shares at €0.0125. In 2025, when Tonner Drones' share price rose, shareholders purchased additional Tonner Drones shares by exercising their BSAs. Thereby, increasing their position and helping the company generate positive cash flow.