BeammWave

BeammWave AB (publ) ("BeammWave" or the "Company") announced on August 4, 2025 that the board of directors of the Company resolved on an issue of Class B shares with preferential rights for the Company’s existing shareholders of approximately SEK 65 million before deduction of issue costs, in which the subscription period commences on August 13, 2025 and ends on August 27, 2025 (the "Rights Issue"). BeammWave announces today that the Company has entered into an agreement with the largest shareholder Concejo AB (publ) (“Concejo”) whereby Concejo undertakes to subscribe for its pro rata share, corresponding to approximately SEK 6.5 million, in the Rights Issue. The Rights Issue is already 100 percent covered by subscription and guarantee commitments.

BeammWave's largest shareholder Concejo, which as of today controls approximately 10.1 percent of the capital and approximately 4.4 percent of the votes in the Company, has entered into an agreement with BeammWave to subscribe for Class B shares in the Rights Issue. Through the agreement, Concejo undertakes to exercise its subscription rights and subscribe for Class B shares in the Rights Issue corresponding to its pro rata share, i.e., approximately 10.1 percent of the Rights Issue or approximately SEK 6.5 million. No compensation will be paid for the subscription commitment.

"We are very pleased to have entered into this subscription agreement with Concejo. They have been a major shareholder and supported us for a long time, and therefore it feels joyful that they choose to continue to support us as BeammWave now seriously takes the step towards an industrialization of our technology and volume production. I would like to extend a big thank you to Concejo and its CEO Carl-Adam Rosenblad for their continued vote of confidence. Hopefully, this also sends a strong positive message to our other shareholders and potential new shareholders in connection with the subscription period which starts tomorrow." says Stefan Svedberg, CEO of BeammWave.

"We see great potential in BeammWave's technology. Our participation in the rights issue is an expression of our long-term belief in the company and its management's ability to take the step from development to industrialization and volume production. We have followed BeammWave's journey for a long time and are convinced that their solutions can make an impact on a global market", says Carl Adam Rosenblad, CEO of Concejo AB (publ).

As previously communicated, the Rights Issue is covered to 100 percent by previously entered subscription commitments and guarantee commitments, corresponding to a total of approximately SEK 65 million.

The subscription and guarantee commitments are not secured by bank guarantees, escrow funds, pledges or in any other way to ensure that the proceeds covered by the commitments will be provided to the Company.

Advisors

North Point Securities is acting as financial advisor in connection with the Rights Issue. Advokatfirman Delphi is acting as legal advisor and Nordic Issuing is acting as issuing agent in connection with the Rights Issue.

For further information, please contact:

Stefan Svedberg, CEO
+46 (0) 10 641 45 85
info@beammwave.com

About BeammWave

BeammWave AB operates in miniaturized communication solutions for frequencies above 24 GHz. The company is building a chip-based solution intended for the next generation of 5G and 6G, in the form of a radio chip with antenna and associated algorithms. The company's approach to digital beamforming is unique and patented, with the aim of delivering digital communication with higher performance at a lower cost. The company's Class B share (BEAMMW B) is listed on Nasdaq First North Growth Market in Stockholm.

Certified Adviser is Redeye AB.

Important information

The publication, announcement or distribution of this press release may be subject to restrictions by law in certain jurisdictions. Recipients of this press release in the jurisdictions in which this press release has been published or distributed should inform themselves of and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable regulations in their respective jurisdictions. This press release does not constitute an offer to buy or subscribe for shares or other securities issued by the Company, either from the Company or from anyone else, in any jurisdiction where such offer or invitation would be contrary to applicable rules or require further registration or other measures.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus has been or will be prepared in connection with the Rights Issue. In each EEA Member State, this announcement is only directed at "qualified investors" in that Member State as defined in the Prospectus Regulation.

This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration, or without the application of an exemption from registration, under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration, an 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 offer of such 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, in or into the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, South Korea or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable regulations or where such action is subject to legal restrictions or would require additional registration or other measures than what follows from Swedish law. Actions in violation of this instruction may constitute a violation of applicable securities legislation.

In the United Kingdom, this document, and any other materials relating to the securities referred to herein, are only being distributed and directed at, and any investment or investment activity relating to this document is only available to, and will only be available to, "qualified investors" who are (i) persons who have professional experience in activities relating to investments and who fall within the definition of "professional investors" in Article 19(5) of the United Kingdom Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth persons referred to in Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). An investment or investment measure to which this announcement relates is only available in the United Kingdom to relevant persons and will only be made with relevant persons. Persons who are not relevant persons should not take any action based on this press release, nor should they act or rely on it.

This press release does not identify or purport to identify any risks (direct or indirect) that may be associated with an investment in new shares. The information in this press release is only to describe the background to the Rights Issue and does not claim to be complete or exhaustive. No assurance should be made in relation to the information in this press release regarding its accuracy or completeness. An investment decision to acquire or subscribe for shares in connection with the Rights Issue may only be made based on publicly available information regarding the Company and the Company's shares.

Failure to follow these instructions may constitute a violation of the Securities Act or applicable laws in other jurisdictions.

Forward-looking statements

This press release contains forward-looking statements regarding the Company's intentions, assessments or expectations regarding the Company's future results, financial condition, liquidity, development, prospects, expected growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the fact that they contain expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are correct. Because these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes may, for a variety of reasons, differ materially from those set forth in the forward-looking statements. Such risks, uncertainties, contingencies and other material factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to review, update, confirm or publicly release any revisions to any forward-looking statements to reflect events that occur or circumstances that occur with respect to the content of this press release, unless required by law or Nasdaq First North Growth Market's rules for issuers.