Eurobattery Minerals Updates Rights Issue Terms Following Warrants Exercise

On 16 September 2024, Eurobattery Minerals AB resolved on a rights issue of units, pending approval by the Extraordinary General Meeting, which was granted on 16 October 2024. The exercise of 60,992 warrants of series TO5 has resulted in an increase in the maximum amount of this rights issue, now comprising up to 50,764,348 units. Full subscription could yield approximately SEK 35.5 million before costs. A concurrent over-allotment issue may add SEK 10.0 million to proceeds.

Existing shareholders on the record date, 28 October 2024, will receive unit rights. Three unit rights allow the subscription of one unit, consisting of seven new shares and four warrants of series TO6. The subscription period is set from 30 October to 13 November 2024, with the price at SEK 0.70 per unit. Warrants entitle holders to subscribe for new shares in May 2025.

Dilution could reach approximately 82.5% if full subscription, over-allotment, and warrant utilization occur. The rights issue is backed by SEK 21.3 million in commitments, though not secured by guarantees.