Selskabsmeddelelse

EKOBOT AB (publ) announces outcome of rights issue of shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR IN ANY OTHER JURISDICTION WHERE THE PUBLICATION, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE ILLEGAL, SUBJECT TO LEGAL RESTRICTIONS, OR WOULD REQUIRE REGISTRATION OR OTHER ACTION.

The board of directors of EKOBOT AB (publ) ("Ekobot" or the "Company") today announces the outcome of the issue of shares with preferential rights for the Company's shareholders that was announced on 14 February 2024 (the "Rights Issue"). The Rights Issue was subscribed for a total of 25.98 percent, of which approximately 9.16 percent was subscribed for with subscription rights and approximately 16.82 percent was subscribed for without subscription rights. Ekobot is thus provided with a total of approximately SEK 4.75 million before transaction costs.

Outcome of the Rights Issue
The subscription period for the Rights Issue ended on 11 March 2024. The final outcome shows that a total of 7,922,186 shares have been subscribed for through the Rights Issue and the Company thus receives approximately SEK 4.75 million before transaction costs.

Allocation of shares subscribed for without subscription rights has been carried out in accordance with the principles stated in the information memorandum that the Company published on 23 February 2024 in connection with the Rights Issue. Notice of such allotment will be announced separately by sending a contract note. Nominee-registered shareholders will receive notice of allotment in accordance with the respective nominee's routines.

Number of shares, share capital and dilution
Through the Rights Issue, the total number of shares in the Company will increase by 7,922,186 from 15,246,317 to 23,168,503. The share capital will increase by SEK 2,772,765.10 from SEK 5,336,210.95 to SEK 8,108,976.05. The Rights Issue entails a dilution of approximately 34.19 percent for existing shareholders that did not participate in the Rights Issue.

Trading with BTA
Trading in BTA (Paid Subscribed Share) takes place on Nasdaq First North Growth Market until the conversion of BTA to shares, which takes place after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration with the Swedish Companies Registration Office is expected to take place during week 12, 2024.

Advisors
Eversheds Sutherland Advokatbyrå AB is legal advisor to the Company in connection with the Rights Issue. Aqurat Fondkommission AB acts as issuing agent.

About Ekobot

Ekobot AB (publ), based in Västerås, conducts business based on the business concept of developing, manufacturing and selling autonomous agricultural robots that enable efficient precision cultivation where weed management takes place completely without or with minimal use of herbicides. The company's vision is to provide the agricultural sector with a long-term sustainable alternative for reducing or completely eliminating chemical spraying in crops of crops for human consumption. The company is listed on the Nasdaq First North Growth Market.

For more information, see Ekobot's website www.ekobot.se

Augment Partners AB, tel. +46 8 604 22 55, e-mail: info@augment.se is the Company's Certified Adviser.

IMPORTANT INFORMATION

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES ISSUED BY THE COMPANY IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ("EEA"), ANY SECURITIES REFERRED TO IN THIS PRESS RELEASE MAY ONLY BE OFFERED IN ACCORDANCE WITH APPLICABLE EXEMPTIONS IN REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 14 JUNE 2017 (THE "PROSPECTUS REGULATION"). ANY INVITATION TO THE PERSONS CONCERNED TO SUBSCRIBE FOR SHARES IN THE COMPANY WILL ONLY BE MADE THROUGH THE INFORMATION MEMORANDUM THE COMPANY PLANS TO PUBLISH PRIOR TO THE RIGHTS ISSUE.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION, OR AN EXEMPTION FROM REGISTRATION, UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION, AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE IS NO INTENTION TO REGISTER ANY SECURITIES REFERRED TO HEREIN IN THE UNITED STATES OR TO MAKE A PUBLIC OFFERING OF SUCH SECURITIES IN THE UNITED STATES. THE INFORMATION CONTAINED IN THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED, COPIED, REPRODUCED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH ANNOUNCEMENT, PUBLICATION OR DISTRIBUTION OF THIS INFORMATION WOULD BE UNLAWFUL OR WHERE SUCH ACTION IS SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES THAN THOSE REQUIRED BY SWEDISH LAW. ACTIONS CONTRARY TO THESE INSTRUCTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

TO THE EXTENT THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS, SUCH STATEMENTS DO NOT REPRESENT FACTS AND ARE IDENTIFIED BY WORDS SUCH AS "WILL", "EXPECT", "BELIEVE", "ESTIMATE", "INTEND", "INTEND", "ASSUME" AND SIMILAR EXPRESSIONS. SUCH STATEMENTS EXPRESS EKOBOT'S INTENTIONS, OPINIONS OR CURRENT EXPECTATIONS OR ASSUMPTIONS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON CURRENT PLANS, ESTIMATES AND PROJECTIONS THAT EKOBOT HAS MADE TO THE BEST OF ITS ABILITY BUT THAT EKOBOT DOES NOT CLAIM WILL BE ACCURATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES THAT ARE DIFFICULT TO PREDICT AND GENERALLY CANNOT BE INFLUENCED BY EKOBOT. IT SHOULD BE KEPT IN MIND THAT ACTUAL EVENTS OR OUTCOMES MAY DIFFER MATERIALLY FROM WHAT IS CONTEMPLATED OR EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS.

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