Warrants of series TO5 were subscribed to approximately 69.5 percent and Wyld Networks AB receives approximately SEK 0.2 million

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Wyld Networks AB (”Wyld Networks” or the ”Company”) today announces the outcome of the exercise of warrants of series TO5, which were issued in connection with the Company's loan financing, direct issue and rights issue during the third quarter of 2023. In total, 2,670,235 warrants of series TO5 were exercised, corresponding to approximately 69.5 percent of the total number of outstanding warrants of series TO5, for subscription of 33,164,311 shares at a subscription price of SEK 0.07 per TO5, corresponding to approximately SEK 0.0056 per share. Wyld Networks will receive approximately SEK 0.2 million before issuing costs through the exercise of the warrants of series TO5.

Background

The subscription period for exercise of the warrants of series TO5 took place during the period from November 14, 2024, up to and including November 28, 2024. Each warrant of series TO5 gave the owner the right to subscribe for 12.42 new shares in the Company. In the events that the number of warrants did not entitle the subscriber to a whole number of shares, the number of shares was rounded down to the nearest whole number. The subscription price for exercising the warrants of series TO5 was set to SEK 0.07, corresponding to approximately SEK 0.0056 per share.

In total, 2,670,235 warrants of series TO5 were exercised for subscription of 33,164,311 shares, meaning that approximately 69.5 percent of all outstanding warrants of series TO5 were exercised for subscription of shares.

Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately three (3) weeks.

Number of shares, share capital and dilution

Through the exercise of the warrants of series TO5, the number of shares in Wyld Networks increases by 33,164,311 shares, from 535,165,489 shares to a total of 568,329,800 shares. The share capital will increase by SEK 164,570.802565, from SEK 2,655,644.316861 to SEK 2,820,215.119426.

For existing shareholders who did not exercise any warrants of series TO5, the dilution amounts to approximately 5.8 percent of the number of shares and votes in the Company.

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.