Part of Smoltek's Convertible Bonds Converted to Shares

Smoltek Nanotech Holding AB (publ) ("Smoltek" or "the Company") announces that part of the convertible bonds with a nominal amount of a total of SEK 20 million, which the extraordinary general meeting on January 9, 2025, decided to issue, has been converted into shares in the Company. A total of approximately SEK 2 million is being converted into shares in the Company. The conversion takes place in accordance with the terms of the convertible loan.

A total amount of SEK 2,040,000 is being converted into shares in Smoltek, resulting in an increase in the number of shares in the Company by 4,857,141 and an increase in the Company's share capital by SEK 578,622.719256. After the conversion, the Company's share capital will amount to SEK 9,753,653.188358, and the number of shares in Smoltek will be 81,875,231. The exact conversion price for the convertible bonds is SEK 0.42 per share.

The holders of the convertible bonds have the opportunity to convert their bonds into shares until January 31, 2027. For conversions occurring after January 31, 2026, the conversion price will be increased by 10% to SEK 0.46 per share. After the maturity of the convertible loan, the right to convert will expire.

For further information:
Håkan Persson, CEO Smoltek Nanotech Holding AB
Email: [email protected]
Phone: +46 31 701 03 05
Website: www.smoltek.com/investors/sv  

Smoltek develops innovative products with groundbreaking performance, based on nanotechnology, that solve advanced materials technology problems within several industrial sectors. The company is currently active in two business areas: semiconductors and hydrogen. Smoltek protects its unique carbon nanotechnology through an extensive patent portfolio consisting of over 110 filed patents, 94 of which are currently granted. Smoltek's shares are listed on the Spotlight Stock Market under the ticker symbol SMOL. Smoltek is a development company, and forward-looking statements regarding time to market, production volume, and price levels should be interpreted as forecasts and not commitments.