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Chordate Medical

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Correction: Additional Major Shareholders Announce Full Subscription in Chordate Medical’s Ongoing Rights Issue

The press release published today, February 5, 2025, at 15:35 CET, gave an incorrect impression of the total securing of the ongoing rights issue. Below is a corrected version of the press release, where the last paragraph has been corrected.

Two of Chordate Medical’s ten largest shareholders have informed the company of their intention to subscribe for Units in the ongoing rights issue.

Hawoc Investment AB had previously committed to a subscription of SEK 500,000. In addition to this, Hawoc has now informed the company that they intend to subscribe to their full pro rata right in the ongoing issue, amounting to a total of SEK 2,122,000, including the original commitment. Hawoc Investment AB is the company's second-largest shareholder.

Furthermore, David Nyman has informed the company of his intention to subscribe to his pro rata right, equivalent to SEK 528,000.

"It is highly gratifying to receive this strong support for the company and the rights issue from our major shareholders. The confirmation of continued support and confidence in our strategic plan from so many of our principal owners is of crucial importance to the company," says Anders Weilandt, CEO of Chordate.

This means that a number of existing shareholders in Chordate Medical have now collectively entered into subscription commitments and declarations of intent for a total amount of circa 9.9 MSEK, which corresponds to circa 44.6 percent of the issue.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that has developed, patented and CE-marked Ozilia® Migraine, a neuromodulation and drug-free treatment technology for chronic migraine and chronic rhinitis. The treatment has clinically proven efficacy according to a recent study, and is marketed in selected markets in the EU and the Middle East. Chordate Medical is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

The company's Certified Adviser on Nasdaq First North Growth Market Stockholm is Vator Securities AB.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

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Correction: Additional Major Shareholders Announce Full Subscription in Chordate Medical’s Ongoing Rights Issue

Datum 2025-02-05, kl 17:10
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Correction: Additional Major Shareholders Announce Full Subscription in Chordate Medical’s Ongoing Rights Issue
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