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NANECH — NanoEcho AB (publ) News Story

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Brief: NanoEcho Announces Rights Issue Results, Updates Business Plan

March 3 (Reuters) - NanoEcho AB (publ) NANECH.ST:

SAID ON MONDAY, ANNOUNCES OUTCOME OF RIGHTS ISSUE OF SHARES AND WARRANTS OF SERIES TO2 OF ABOUT SEK 20.5 MILLION

RIGHTS ISSUE SUBSCRIBED TO A TOTAL OF ABOUT 35.1%, OF WHICH ABOUT 29.8% SUBSCRIBED WITH SUPPORT OF UNIT RIGHTS AND ABOUT 5.3% SUBSCRIBED WITHOUT SUPPORT OF UNIT RIGHTS

ABOUT 7.1%, CORRESPONDING TO SEK 1.5 MILLION OF THE RIGHTS ISSUE, ALLOCATED TO THE INVESTOR WHO GUARANTEED THE RIGHTS ISSUE

RIGHTS ISSUE PROVIDES CO WITH ABOUT SEK 8.65 MILLION BEFORE DEDUCTION FOR ISSUE COSTS AND BEFORE OFFSETTING OF LOANS

IN LIGHT OF CONTINUED CHALLENGING INVESTMENT CLIMATE, CO'S BOARD UPDATES THE BUSINESS PLAN

UPDATE INVOLVES ADJUSTMENT OF SCHEDULE, WITH APPLICATION FOR MARKET APPROVAL NOW PLANNED FOR H2 2029, COMPARED TO THE PREVIOUS PLAN OF H1 2029

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 (Gdansk Newsroom)

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