BeammWave receives a subscription commitment from the largest shareholder Concejo AB in the rights issue

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.BeammWave AB (publ) ("BeammWave" or the "Company") announced on August 4, 2025 that the board of directors of the Company resolved on an issue of Class B shares with preferential rights for the Company’s existing shareholders of approximately SEK 65 million before deduction of issue costs, in which the subscription period commences on August 13, 2025 and ends on August 27, 2025 (the "Rights Issue"). BeammWave announces today that the Company has entered into an agreement with the largest shareholder Concejo AB (publ) (“Concejo”) whereby Concejo undertakes to subscribe for its pro rata share, corresponding to approximately SEK 6.5 million, in the Rights Issue. The Rights Issue is already 100 percent covered by subscription and guarantee commitments.BeammWave's largest shareholder Concejo, which as of today controls approximately 10.1 percent of the capital and approximately 4.4 percent of the votes in the Company, has entered into an agreement with BeammWave to subscribe for Class B shares in the Rights Issue. Through the agreement, Concejo undertakes to exercise its subscription rights and subscribe for Class B shares in the Rights Issue corresponding to its pro rata share, i.e., approximately 10.1 percent of the Rights Issue or approximately SEK 6.5 million. No compensation will be paid for the subscription commitment."We are very pleased to have entered into this subscription agreement with Concejo. They have been a major shareholder and supported us for a long time, and therefore it feels joyful that they choose to continue to support us as BeammWave now seriously takes the step towards an industrialization of our technology and volume production. I would like to extend a big thank you to Concejo and its CEO Carl-Adam Rosenblad for their continued vote of confidence. Hopefully, this also sends a strong positive message to our other shareholders and potential new share...

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