BeammWave

Today, August 13, 2025, is the first day of the subscription period in BeammWave AB’s (publ) ("BeammWave" or the "Company") new issue of Class B shares with preferential rights for existing shareholders of a maximum of approximately SEK 65 million (the "Rights Issue"), which was announced on August 4, 2025. The subscription period in the Rights Issue runs until August 27, 2025. Please note, however, that some banks and asset managers may have an earlier response date for subscription in the Rights Issue. Shareholders should therefore check with their bank or nominee whether they have an earlier response date.

The Rights Issue in brief

• The Rights Issue comprises a maximum of 9,288,869 Class B shares.
• At full subscription, BeammWave will receive approximately SEK 65 million before deduction of issue costs.
• The subscription price is SEK 7.00 per Class B share.
• The rights issue is covered to 100 percent by subscription commitments and guarantee commitments.
• Those who were registered in the share register maintained by Euroclear Sweden AB as a shareholder in BeammWave on the record date 11 August 2025 received five (5) subscription rights for each (1) share held.
• Seventeen (17) subscription rights entitle the holder to subscribe for one (1) new Class B share in the Company.
• Shareholders who choose not to participate in the Rights Issue will have their ownership diluted by up to approximately 22,7 percent but have the opportunity to compensate for the dilution effect by selling their subscription rights.
• Complete terms and conditions for the Rights Issue as well as other information about the Company can be found in the Appendix IX-information document published by the Company on 8 August 2025.

Background and motive for the Rights Issue

BeammWave's developed product range forms an offering for digital beamforming, developed for fifth generation mobile networks (5G) with relevance also for future generations such as 6G. Beamforming is a technology for electronically and dynamically directing radio energy between transmitter and receiver and thus achieving a better range with better performance. Beamforming is necessary at very high frequencies, which is considered vital as the amount of data continues to increase exponentially. BeammWave's beamforming differs from today's traditional methods in that the directional effect is achieved digitally and not analogue, where the Company over time has developed and obtained strong IP protection.

The industry's common perception is that there are significant performance advantages in using digital beamforming instead of analogue beamforming, not least in terms of speed and robustness. Over the past year, BeammWave has shown great progress where the Company has gone from trying to convince customers that digital beamforming is possible to implement to having to answer customers when it is possible to deliver microchips in large volumes.

BeammWave is facing a completely new phase where the Company has conceptually proven the technology in all of the Company's application areas and is now ready for an industrialization of the Company's products, i.e. to ensure production in large volumes and sales on a commercial scale. The interest from customers is concrete where BeammWave has large multinational customers in each of the Company's three areas of use and with whom the Company has worked for a long time to complete the development and adaptation of the product. In order for BeammWave to be able to accelerate industrialization as quickly as possible, the Company's board of directors chooses to carry out the Rights Issue.

Upon full subscription in the Rights Issue, the Company will receive proceeds of approximately SEK 65.0 million before deduction of issue costs. BeammWave intends to use the net proceeds to accelerate the industrialization of the Company's products through the following activities without a specific order of priority:

• Invest in full-mask tape-out and mask corrections
• Recruitment of key personnel to accelerate the industrialization process
• Costs related to IP, packaging and prototyping
• Expanded sales capacity in the US and South Korea
• Working capital

Preliminary timetable for the Rights Issue

The timetable below for the Rights Issue is preliminary and subject to change.

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, publication 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 offer 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.