Amniotics

Amniotics has today reached an agreement with Buntel to postpone the maturity date of the remaining loan that Amniotics has outstanding from Buntel until May 31, 2024. The loan, which as of today, including accrued interest, amounts to approximately SEK 3.1 million, would otherwise have had to be repaid no later than March 31, 2024.

Amniotics has today also entered into a service agreement with Magle under which Amniotics will provide services to Magle regarding GMP activities and development. The agreement runs for six months, but after 31 May 2024, each party has the right to terminate the agreement prematurely with immediate effect. Amniotics is not guaranteed any revenue under the agreement, but based on current indications from Magle, Amniotics expects to receive total revenues of approximately SEK [2] million for the period until May 31, 2024.

The Company estimates that the extension of the loan agreement and the entering into of the service agreement, together with available cash and cash equivalents, will secure Amniotics' short-term capital needs until the end of May 2024. In accordance with what has previously been communicated, the Company's management and board of directors are working actively to identify and evaluate various possible solutions to ensure the Company's continued financing needs in various ways.