BeammWave Strengthens Institutional Ownership Through Directed Issue of approximately SEK 25 million Following the Successful and Oversubscribed 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 ("BeammWave" or the "Company") earlier today announced the final outcome of the Company's rights issue of Class B shares of a maximum of approximately SEK 51.7 million with preferential rights for existing shareholders (the “Rights Issue”), resulting in a total subscription of approximately 276.4 percent. Following the strong interest in the Rights Issue, the Board of Directors of BeammWave has decided to exercise the overallotment option and carry out a directed issue of 2,173,913 Class B shares to institutional investors LMK Industri AB and Nowo Fund Management, at the same subscription price of SEK 11.50 per share as in the Rights Issue, corresponding to approximately SEK 25.0 million (the “Directed Issue”), based on the authorization granted by the Annual General Meeting on May 20, 2026.The Board of Directors of BeammWave has today resolved on the Directed Issue of 2,173,913 Class B shares at a subscription price of SEK 11.50 per Class B share, based on the authorization granted by the Annual General Meeting of the Company held on May 20, 2026. The subscription price corresponds to the same price per share as in the Rights Issue. Through the Directed Issue, BeammWave will receive proceeds of approximately SEK 25.0 million before deduction of issue costs attributable to the Directed Issue. The subscription price in the Directed Issue has been determined by the Board of Directors after arm's-length negotiations with the investors and in consultation with the Company's financial advisor North Point Securities. The subscription price is, according to the assessment of the Board of Directors and the financial advisor, in line with market conditions.LMK Industri AB has not previously been a shareholder in BeammWave. LMK Industri AB and Nowo Fund Management, both institutional investors, participated in the Rights Issue but did not receive any allocation above ...

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