eBlitz

The financing round was led by Adam Back, who subscribed for SEK 13,500,000. The remaining SEK 7,500,000 was contributed by a group of investors comprising Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners.

As stipulated and agreed with the investors, the proceeds will be used to acquire Bitcoin in alignment with H100 Group’s long-term Bitcoin treasury strategy. The strengthened balance sheet will also support the Company’s vision of building the digital infrastructure for health providers.

The convertible loans bear no interest and mature on 15 June 2028. The loan may at any time, upon request by the investor, be converted into shares of the Company at a conversion price of SEK 1.3 per share. If the Company’s share price trades at a volume-weighted average price (VWAP) exceeding 33% above the conversion price for a cumulative period of 60 trading days, the Company retains the right to require conversion. Assuming full conversion into shares, the Company's share capital may increase by up to SEK 1,615,384.6 through the issue of 16,153,846 new shares, corresponding to a dilution of approximately 12%.

Conversion of the loan into shares is conditional on the necessary resolutions to issue new shares being passed by the general meeting or by the Board within the framework of an authorisation.

The Board has carefully considered the possibility of raising capital through a rights issue but concluded that the convertible loan structure, including the deviation from existing shareholders’ preferential rights, serves the best interests of the Company. This financing solution ensures swift access to capital while reinforcing the Company’s strategic position through the involvement of value-aligned investors. Further, the convertible loan structure is deemed to be able to be carried out at a significantly lower cost and with less complexity than a rights issue.

The conversion price has been determined through arm’s length negotiations with the investors and taking into account the Company's financing needs, the alternative cost of other financing and the assessed market interest for an investment in the Company. It is the Board's judgement, based on the above factors, that the conversion price reflects current market conditions and current demand. Against this background, the Board considers the conversion price to be on market terms.

Important information

This press release does not contain and does not constitute an invitation or an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in H100. The publication, release or distribution of this press release may be restricted by law in certain jurisdictions and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction.

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