RightBridge Ventures

THE BAD NEWS AND GOOD NEWS STORY

The bad news:

We regret to inform you that Nasdaq has today decided to delist RightBridge Ventures Group AB (the “Company”) on the basis that the Company has acted too expediently in their efforts to save the company from closure and possibly bankruptcy by injecting a new and strong capital base to the benefit of all shareholders. We are surprised and disappointed by Nasdaq’s reaction but do not see that we for commercial reasons could have acted in a better way.

This has regrettably violated formal rules required and therefore in contradiction to certain requirements related to review process for a relisting. The company has, somewhat naively, believed that the substantial improvements in the Company’s Balance Sheet, Equity, turnover and profitability were of main importance and we had no time to waste in order to secure the financials.

Nasdaq argues that (abbreviated):

“According to item 2.5.1 of the Nasdaq First North Growth Market Rulebook, the Exchange may for an issuer that undergoes substantial changes initiate a renewed review process of the issuer’s fulfilment of applicable admission requirements.”

“The Company has carried out the reverse takeover of Equity Maga Ltd without undergoing the required renewed review process.”

“With reference to the above, the Exchange decides to delist the shares in Rightbridge Ventures Group AB (ticker RIGHTB, ISIN code SE0019070749) from Nasdaq First North Growth Market with immediate effect.”

The good news:

Listing:

The Company is already in process of evaluating good alternative listing options and will revert with further information relatively soon with choice and timeline.

The Extraordinary General Meeting (EGM) held on 9th September approved the reverse takeover of RightBridge Ventures Group AB (publ.) by Nebulite Holdings Ltd.

With the engagement of the new majority shareholders, the company has undergone a complete strategic realignment and will now focus on developing and acquiring businesses within the maritime and defence sectors. To reflect this new direction, the EGM resolved to change the company’s name to Cosmos Maritime and Defence Industries AB (“Cosmos”), subject to approval by Bolagsverket.
 

The EGM also approved the previously announced warrant programme for existing share-holders, granting ten warrants per share at a strike price of SEK 0.005, exercisable at any time from today until 15 November 2025. We believe this offer underscores the commitment of the new board and management to respect and reward our shareholders, and to create superior long-term value for all of us. The warrants program will logically be adjusted according to changes, if any, affecting the ratios and/or pricing in connection with the listing.

Our shipyard investment continues to perform in line with, and in some respects ahead of, projections. We are particularly pleased to report that two substantial and unexpected repair and main- tenance contracts were secured this summer, adding approximately 12–15% to our annual revenue budget. The vessels are already at the yard, and we expect these contracts to contribute an additional USD 2–3 million in EBITDA this year.

Our planned acquisition of the Dubai-based offshore oil services company is nearing completion. Technical, legal, and financial due diligence has been finalized, and contract execution is now in progress. This acquisition will be immediately accretive for the Company, and we will provide a further update once the transaction has closed. We expect this to add a healthy market adjusted equity value to the Company.

In parallel, we are currently evaluating several new opportunities for growth, including additional shipyards, marine manufacturing companies, and defence-related businesses. We aim to add further assets to our portfolio before the end of this year.

Finally, a new corporate website is under development and will be launched shortly.

Stockholm, 23 september 2025

RightBridge Ventures Group AS

Per Olav Karlsen

CEO / Boardmember

+47 41 78 50 50

pok@cleaves.no

Dagfinn Lunde

Chairman of the Board

+31 620 43 27 77

lundedagfinn@gmail.com