Prostatype Genomics

The subscription period in Prostatype Genomics AB’s ("Prostatype Genomics" or the "Company") rights issue of units (the “Rights Issue”) ended on 2 September 2024. The Rights Issue was subscribed to a total of approximately 66.0 percent, including pre-subscription commitments, resulting in guarantee commitments of a total of approximately 6.1 percent being activated to achieve a subscription rate of 72.1 percent. In addition, a total of SEK 3.8 million worth of debt has been converted in the Rights Issue resulting in a total subscription of 79.8 percent. Prostatype Genomics will thus be provided proceeds of approximately SEK 35.7 million before deduction of transaction related costs.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, GREAT BRITAIN, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS OR IN ANY OTHER JURISDICTION WHERE THIS PRESS RELEASE IS DISTRIBUTED WOULD BE ILLEGAL OR REQUIRE ADDITIONAL ACTIONS THAN SUCH ACTIONS RESULTING FROM SWEDISH LAW. SEE THE "IMPORTANT INFORMATION" SECTION AT THE END OF THIS PRESS RELEASE.

Announcement of result
The initial timeline for the Rights Issue planned for the preliminary results to be published today 3 September 2024 and the final results on 4 September 2024. However, due to the secured outcome, the Company has decided to expedite the process and publish the final results today, one day ahead of schedule.

Subscription, allocation and payment
The Rights Issue was in total subscribed for 79.8 percent, including activated guarantee commitments and debt conversion.

• A total of 594,443,249 units have been subscribed with the support of pre-emptive unit rights, including pre-subscription commitments amounting to SEK 29.7 million, which corresponds to 60.0 percent of the highest issue volume.
• A total of 59,309,650 units have been subscribed without the support of pre-emptive unit rights amounting to SEK 3.0 million, which corresponds to 6.0 percent of the highest issue volume.
• A total 60,711,367 units have been subscribed for as a result of activated guarantee commitments amounting to SEK 3.0 million which corresponds to 6.1 percent of the highest issue volume.
• A total of 76,243,780 units have been subscribed for as a result of conversion of debt amounting to SEK 3.8 million which corresponds to a subscription rate of 7.7 percent of the highest issue volume.

Prostatype Genomics is provided approximately SEK 35.7 million before transaction related costs of up to approximately SEK 7.4 million (of which approximately SEK 4.4 million relates to compensation for guarantee commitments, assuming all guarantors choses full cash compensation).

Through the Rights Issue, 3,953,540,230 new shares and 1,581,416,092 warrants of series TO 4 will be issued. The subscribers who are allocated units without preferential rights will receive settlement notes, which are planned to be sent out tomorrow, after a formal board decision on allocation. Allotted units without pre-emptive right shall be paid in accordance with the instructions on the settlement note.

Anders Lundberg, Chairman of the Board of Prostatype Genomics, comments on the result:

“The outcome of this preferential rights issue makes it possible to finance our commercial activities in the US market and in selected EMEA markets until expected Medicare approval in the United States in the fourth quarter of this year. The board and management are currently finalizing our business plan for the US market during the coming years, where we aim to reach a significant market share for the benefit of a large number of patients with prostate cancer. We look forward to announcing more details about this business plan shortly, and I also want to take the opportunity to thank existing and new shareholders who subscribed for units in the preferential rights issue for your continued support and trust”

Jan Poulsen, CEO for Life Science Invest Fund 1 (LSIF) says:

“LSIF is very pleased to become one of the major shareholders in Prostatype Genomics through the underwriting commitments we have made for the company, and we look forward to continuing to support the company going forward on the path to achieving commercial success with the company's groundbreaking test.”

Compensation for guarantee commitments
For the bottom guarantee commitment, the guarantors receive a guarantee compensation of 16 percent in cash or 20 percent in the form of units (to the same terms as in the rights issue). For the top guarantee tranche, the guarantors receive a guarantee compensation of 20 percent in cash or 23 percent in the form of units (to the same terms as in the rights issue). The outcome and effect on dilution will be published during the coming days.

Number of shares and share capital
When the Rights Issue has been registered with the Swedish Companies Registration Office, the total number of shares will have increased by 3,953,540,230 shares, from 990,811,186 shares to 4,944,351,416 shares, the Company’s share capital will, upon registration, have increased by SEK 39,535,402.30, from SEK 9,908,111.86 to SEK 49,443,514.16. In addition, there will be 1,581,416,092 outstanding warrants of series TO 4. The shareholders who have not participated in the rights issue will be subject to a dilution effect corresponding to approximately 80 percent of the votes and capital.

Trading in BTU
Trading in BTU’s will take place on Nasdaq First North Growth Market until after the Rights Issue has been registered with the Swedish Companies Registration Office. The registration is expected to take place around 6 September 2024.

Terms for warrants of series TO 4
One (1) warrant of series TO 4 entitles the holder to subscribe for one (1) new share in Prostatype Genomics during the period from and including 25 November 2024, to and including the 9 December 2024. The exercise price for TO 4 shall amount to seventy (70) percent of the average volume-weighted price of the share according to the official price statistics of Nasdaq First North Growth Market during a period of ten (10) trading days ending the day before the start of the exercise period, however not below SEK 0.01. The exercise price must be rounded to the nearest whole öre. The Company will announce the exercise price the day before the first day of the exercise period.

Through TO 4, the share capital can increase by a maximum of SEK 15,814,160.92. Provided that TO 4 are fully utilized, TO 4 will result in a dilution of approximately 24.2 percent. TO 4 is planned to be admitted to trading on Nasdaq First north Growth Market as soon as possible after final registration with the Swedish Companies Registration Office. The last day of trading in TO 4 is expected to be 5 December 2024.

Advisors
Prostatype Genomics has mandated Gemstone Capital A/S as financial advisor, Advokatfirman Lindahl KB as legal advisor and Nordic Issuing AB as settlement agent in connection with the Rights Issue.

For further information about Prostatype Genomics, please contact:
Fredrik Rickman (formerly Persson), CEO Prostatype Genomics AB,
Telephone: +46 (0) 73 049 77 01,
E-mail: fredrik.rickman@prostatypegenomics.com

Certified Advisors
Carnegie Investment Bank AB (publ), +46 (0)73 856 42 65, certifiedadviser@carnegie.se

About Prostatype Genomics AB
Prostatype® is a genetic test that is available to patients and treating urologists as a complementary decision support tool to answer the question of radical treatment or no radical treatment of prostate cancer. The test was developed by a leading research group at Karolinska Institutet and is provided by Prostatype Genomics AB.

Important information
This press release does not constitute an offer to acquire, subscribe or otherwise trade in shares, warrants, unit rights, BTU or other securities in Prostatype Genomics AB investors must not subscribe or acquire any securities other than on the basis of the information in the prospectus that has been published before the start of the subscription period in the Rights Issue. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Sweden.

This press release may not be published, published or distributed, directly or indirectly, in or to the United States, Australia, Great Britain, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Russia, Belarus or in any other jurisdiction where the distribution of this press release would be illegal. This press release also does not constitute an offer to sell new shares, warrants, unit rights, BTU or other securities to any person in a jurisdiction where it would not be permitted to make such an offer to such a person or where such action would require a prospectus, additional registration or other measures than under Swedish law. The prospectus, the notification form and other documents relating to the Rights Issue may not be distributed in or to any country where such distribution or the Rights Issue requires actions as stated in the preceding sentence or where they would be contrary to regulations in such country. Actions contrary to this instruction may constitute a violation of applicable securities legislation.

No shares, warrants, unit rights, BTUs or other securities have been or will be registered under the United States Securities Act of 1933, as amended ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, subscribed , is exercised, pledged, sold, resold, assigned, delivered or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or through a transaction not subject to, the registration requirements of the Securities Act and in accordance with the securities laws of the relevant state or other jurisdiction in the United States.

This press release may contain certain forward-looking information that reflects the Company's current view of future events as well as financial and operational development. Words such as "intends", "estimates", "expects", "may", "plans", "believes", "estimates" and other expressions that imply indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking information is not a guarantee of future performance or development, and actual outcomes may differ materially from what is stated in forward-looking information. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Nasdaq First North Growth Market regulations.