Insplorion

On December 5, 2023, Insplorion's warrants of series TO2 were admitted to trading on Nasdaq First North Growth Market as part of the Company's Rights Issue carried out in November 2023. The warrants of series TO2 are traded under the short name INSP TO2 with ISIN SE002099917.

During the period from March 11, 2024 up to and including March 25, 2024, holders of warrants of series TO2 have the opportunity to subscribe for one (1) new share in the Company for two (2) held warrants of series TO2. The total number of warrants of series TO2 amounts to 7,862,508.

Summary of the conditions for TO2

• Subscription period: March 11, 2024 – March 25, 2024.
• Subscription price: 2.08 SEK per new share.
• The subscription price is based on 70 percent of the volume weighted average price ("VWAP") of the share 10 trading days before the exercise period. The volume weighted average price of the share during the period amounted to SEK 2.97.
• Volume: 7,862,508 warrants of series TO2 entitle the holder to subscribe for a maximum of 3,931,254 new shares. If fully exercised, the Company will receive a maximum of approximately SEK 8.2 million.
• Last day for trading in warrants of series TO2: March 21, 2024.
• Share capital and dilution: Upon full exercise of warrants series TO2, the share capital increases by SEK 589,688, from SEK 3,142,912 to SEK 3,732,600. The number of shares increases upon full exercise by 3,931,254 shares, from 20,952,742 shares to 24,883,996 shares. The dilution at full utilization amounts to approximately 15.8 percent of the number of shares and votes in the Company.

Please note that the warrants series TO2 that are not exercised no later than March 25, 2024, or disposed of no later than March 21, 2024, will expire worthless. In order for the warrants not to expire, they must be actively exercised for subscription of new shares or sold.
Please note that some nominees may close the application opportunity earlier than March 25, 2024. Holders of warrants through nominees are therefore recommended to contact their nominee early during the subscription period to obtain information on subscription and payment.

How to exercise TO2 for new shares in the Company:

Fiduciary registered (share depository, ISK account or endowment insurance):
Subscription and payment through exercise of the warrant shall be made in accordance with instructions from the respective nominee. Please contact your nominee for further information. This should be done in good time before March 25, 2024 as different nominees have different processing times.

Directly registered (VP account):
No issue statement or payment instructions will be sent out. Subscription shall be made by simultaneous cash payment according to instructions on the application form.
Application form with instructions for payment will be available on the website of the issuing agent, Hagberg & Aneborn Fondkommission.
(https://hagberganeborn.se/).

Advisors
Naventus Corporate Finance AB is financial advisor and Hagberg & Aneborn Fondkommission AB is the issuing agent.