HOLDING(S) IN COMPANY

Faron Pharmaceuticals Oy

05/08/2026 12:00

Faron Pharmaceuticals Ltd | Company announcement | August 05, 2026 at 14:00:00 EEST


TR-1: Standard form for notification of major holdings



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer in Microsoft Word format if possible) i






1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:
Faron Pharmaceuticals OY


1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)


Non-UK issuer
X


2. Reason for the notification (please mark the appropriate box or boxes with an “X”)


An acquisition or disposal of voting rights
X


An acquisition or disposal of financial instruments




An event changing the breakdown of voting rights




Other (please specify) iii:




3. Details of person subject to the notification obligation iv


Name
Heights Capital Management, Inc.


City and country of registered office (if applicable)
San Francisco, California


4. Full name of shareholder(s) (if different from 3.) v


Name
CVI Investments, Inc.


City and country of registered office (if applicable)
Cayman Islands


5. Date on which the threshold was crossed or reached vi:
04/08/2026


6. Date on which issuer notified (DD/MM/YYYY):
04/08/2026


7. Total positions of person(s) subject to the notification obligation




% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B) vii


Resulting situation on the date on which threshold was crossed or reached
9.41%
11.30%
20.72%
47,211,351


Position of previous notification (if

applicable)
7.99%
12.53%
20.52%










8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii


A: Voting rights attached to shares


Class/type of
shares

ISIN code (if possible)
Number of voting rights ix
% of voting rights


Direct

(DTR5.1)
Indirect

(DTR5.2.1)
Direct

(DTR5.1)
Indirect

(DTR5.2.1)




21,451,351
25,760,000
9.41%
11.30%


























SUBTOTAL 8. A
47,211,351
20.72%








B 1: Financial Instruments according to DTR5.3.1R (1) (a)


Type of financial instrument
Expiration
date x
Exercise/ 
Conversion Period xi
Number of voting rights that may be acquired if the instrument is

exercised/converted.
% of voting rights


Convertible Bond
08/02/2027
Anytime until maturity
10,080,000
4.42%


Convertible Bond
12/02/2028
Anytime until maturity
15,680,000
6.88%


















SUBTOTAL 8. B 1
25,760,000
11.30%








B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)


Type of financial instrument
Expiration
date x
Exercise/ 
Conversion Period xi
Physical or cash

Settlement xii
Number of voting rights
% of voting rights


















































SUBTOTAL 8.B.2
















9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an “X”)


Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii




Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv




Name xv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold


Heights Capital Management, Inc.
9.41%
11.30%
20.72%


CVI Investments, Inc.
9.41%
11.30%
20.72%




































10. In case of proxy voting, please identify:


Name of the proxy holder




The number and % of voting rights held




The date until which the voting rights will be held








11. Additional information xvi


None






Place of completion
London, United Kingdom


Date of completion
04.08.2026