JonDeTech Sensors

Background
The exercise period for exercise of the warrants of series TO3 took place during the period from and including October 2, 2024, up to and including October 16, 2024. The exercise price per share for exercising the warrants of series TO3 was set to SEK 2.95.

In total, 633,208,500 warrants of series TO3 were exercised for subscription of 6,332,085 shares, meaning that approximately 70.0 percent of all outstanding warrants of series TO3 were exercised for subscription of shares. Through the exercise of the warrants of series TO3, JonDeTech will receive approximately SEK 18.7 million before issuing costs.

Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately two (2) weeks.

The board of directors intends to resolve on a directed issue of shares to the Underwriters
The Company has previously communicated that a supplementary directed issue of shares to the Underwriters would take place after the completion of the exercise period if the underwriting commitment is utilized. The outcome of the exercise of TO3 means that the top underwriting will be utilized. The top underwriting entails that the Underwriters commit to subscribing for the number of shares required to ensure that the exercise rate reaches 100 percent of the issue volume. The top underwriting compensation amounts to 15 percent of the underwritten amount in cash or 20 percent of the underwritten amount in shares. Underwriters who wish to receive underwriting compensation in the form of shares must notify Mangold Fondkommission AB no later than October 23, 2024. The subscription price in the directed share issue, in accordance with negotiated underwriting agreements, will be SEK 2.95 per share, corresponding to the exercise price for the exercise of TO3. In total, a maximum of 904,380 new shares may be issued as underwriting compensation to the Underwriters.

The Board’s decision regarding the directed issue of shares to the Underwiters will be announced through a separate press release.

Number of shares, share capital and dilution
Through the exercise of the warrants of series TO3, the number of shares in JonDeTech increases by 6,332,085 shares, from 17,069,863 shares to a total of 23,401,948 shares. The share capital will increase by SEK 3,482,646.75, from SEK 9,388,424.65 to SEK 12,871,071.40.

For existing shareholders who did not exercise any warrants of series TO3, the dilution amounts to approximately 27 percent of the number of shares and votes in the Company.

Comment from Leif Borg, CEO
“I would like to extend my heartfelt thanks to all of you who have chosen to participate in JonDeTech's capital raise. During 2024, we have taken several decisive steps toward realizing our long-term strategy, in line with the vision we have previously shared with the market.

The new capital enables us to continue expanding our product portfolio with innovative and competitive solutions. Furthermore, we can strengthen our global presence by establishing a network of distributors, which is a key part of our go-to-market strategy. In addition, we will focus on optimizing our sales processes to create efficient workflows that generate new customers and projects, ultimately driving increased revenues and contributing to a long-term profitable business.”

Advisers
Mangold Fondkommission AB is financial adviser and Eversheds Sutherland Advokatbyrå is legal advisor for JonDeTech regarding the warrants.

For further information about JonDeTech, please contact:
Leif Borg, CEO JonDeTech
Tel: +46 73 810 93 10
E-mail: Leif.borg@jondetech.com

About JonDeTech
JonDeTech is a supplier of sensor technology. The company markets a portfolio of IR sensor elements based on proprietary nanotechnology and silicon MEMS. The nanoelements are extremely thin, built-in flexible plastic, and can be manufactured in high volumes at a low cost, which opens up for a variety of applications, such as temperature and heat flow measurements, presence detection, and gas detection. The company is listed on Nasdaq First North Growth Market. Mangold is the company's Certified Adviser. Read more at : www.jondetech.com or see how the IR sensor works at : https://www.youtube.com/watch?v=mORloeCxbPE

Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in JonDeTech in any jurisdiction, neither from JonDeTech nor anyone else.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable 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 offering of the 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, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.