Arctic Falls AbOMXSTO: ARFA

Arctic Falls Signs LoI With Volvo Cars Regarding Winter Test Facility

· Issued by Arctic Falls AB

Arctic Falls AB OMXSTO:ARFA:

  • SIGNS LETTER OF INTENT WITH VOLVO CARS

  • COLLABORATION COULD REPRESENT 10–15% OF ARCTIC FALLS' CURRENT ANNUAL REVENUE

  • LOI REGARDING CONSTRUCTION AND LONG-TERM LEASE OF NEW WINTER TEST FACILITY

  • ESTIMATES THAT INVESTMENT COULD BE FINANCED VIA EXISTING CASH RESERVES, BANK FINANCING

  • FINAL AGREEMENT TARGETED FOR JULY–SEPT 2026; FACILITY OPERATIONAL IN 2028

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