BeammWave announces the intention to carry out a directed share issue of approximately SEK 20 million

About this update from Beammwave Ab Class B

THIS PRESS RELEASE MAY NOT BE DISTRIBUTED, ANNOUNCED OR PUBLISHED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR IN ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION, RELEASE OR PUBLICATION WOULD BE IN VIOLATION OF APPLICABLE REGULATIONS OR REQUIRE FURTHER REGISTRATION OR OTHER MEASURES. PLEASE SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.Against the interest in the completed rights issue, BeammWave AB (“BeammWave” or the “Company”) has resolved, in accordance with what has been previously communicated, to investigate the conditions for carrying out a directed share issue of approximately SEK 20 million before issuing costs (the “Directed Share Issue”) by using the authorisation from the annual general meeting on May 14, 2025, to the external investors who acted as guarantors in the completed rights issue.The subscription price and the number of shares in the Directed Share Issue will be determined through arm's length negotiations with the potential investors and in consultation with the Company's financial advisor North Point Securities. It is therefore the Board of Directors' assessment that the subscription price will reflect prevailing market conditions and demand. The outcome will be announced before trading on Nasdaq First North Growth Market in Stockholm commences on September 1, 2025.Background to the Directed Share Issue and rationale for the deviation from the shareholders’ preferential rightsFor many years, BeammWave has operated as a development company specializing in miniaturized communication solutions for frequencies above 24 GHz, and has developed a patented chip-based technology designed for next-generation 5G and 6G. The solution consists of a radio chip with an integrated antenna and proprietary algorithms. This development, which has formed the foundation of the Company and its business, has required substantial capital, primarily financed through several rights issues in recent years.In 2025, BeammWave achieved a commercial breakthrough by demonstrating to major multinational customers across all three of the Company’s business areas that its digital beamforming technology works in practice. This, in turn, has resulted in both existing and potential new customers expecting the Compa...

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