Recalculation of warrants of series TO5 in Wyld Networks AB

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During the third quarter of 2023, Wyld Networks AB (“Wyld Networks” or the “Company”) entered a loan agreement and conducted a directed issue and a rights issue. In connection with the transactions, Wyld Networks issued in total 3,839,998 warrants of series TO5. Due to the rights issue that ended on October 23, 2024, a recalculation has been made in accordance with the terms of the Company's warrants of series TO5 regarding the subscription price and the number of shares that each warrant entitles to subscribe for. Each warrant entitles the holder to subscribe for 12.42 new shares in the Company. 

Summarised terms for the warrants of series TO5

Measurement period: October 30, 2024 – November 12, 2024.

Subscription period: November 14, 2024 – November 28, 2024.

Issue size: 3,839,998 warrants of series TO5, which entitles to subscription of 47,692,775 shares.

Last day for trading warrants of series TO5: November 25, 2024.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 236,665.198873, from SEK 2,466,030.20066100 to SEK 2,702,695.399543. If all warrants are exercised the number of shares in the Company will increase with 47,692,775 shares, from 496,954,449 shares to 544,647,224 shares. In the event that all warrants of series TO5 are exercised, the dilution amounts to approximately 8.8 percent of the number of shares and votes in the Company.

Full terms and conditions for the warrants of series TO5 are available on the Company’s website: www.wyldnetworks.com.

Advisors

Mangold Fondkommission AB is financial advisor and Advokatfirman Schjødt is legal advisor to the Company regarding the warrants.

For further information about Wyld Networks, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: [email protected]
Tel: +44 7 824 997 689

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market.

Certified Adviser to Wyld Networks is Mangold Fondkommission AB.

Read more on: www.wyldnetworks.com

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Wyld Networks in any jurisdiction, neither from Wyld Networks nor anyone else.

This press release does not constitute or form part of an offer or solicitation 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 US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable 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 the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into The United States, Australia, Canada, New Zealand, Hong Kong, Japan, Singapore, South Africa, South Korea, Belarus, Russia or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 and has not been approved by any regulatory authority in any jurisdiction. A prospectus was produced by the Company in connection with the rights issue in which warrants of series TO5 were issued. The prospectus is kept available at, inter alia, the Company's website.