SOZAP

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

The subscription period for the rights issue in SOZAP AB (publ) (“SOZAP” or the “Company”) ended on 7 June 2024. The preliminary outcome indicates that the rights issue has been subscribed to 71.8 percent, and the Company will receive approximately SEK 8.2 million before issue costs.

The preliminary compilation of subscriptions of the rights issue indicates that 8,659,024 shares were subscribed for with subscription rights, corresponding to approximately 57.2 percent of the rights issue. Additionally, applications have been received for subscription without subscription rights of 2,218,067 shares, corresponding to approximately 14.6 percent of the rights issue. The preliminary outcome thereby indicates that approximately 71.8 percent of the rights issue has been subscribed for with or without subscription rights, resulting in proceeds for SOZAP of approximately SEK 8.2 million, before deductions of issue costs.

Those who have subscribed for shares without subscription rights will be allocated new shares according to the principles outlined in the information memorandum, which has been prepared in connection with the rights issue and was published on 17 May 2024. Notice of allocation to investors who have subscribed for shares without subscription rights will be sent in connection with the publication of the final outcome of the rights issue, indicatively tomorrow on 11 June 2024.

“Although we did not achieve full subscription, we are grateful to the shareholders who have chosen to invest with us. We believe that the proceeds from the rights issue will be sufficient to execute on our plan for a global launch of Fishing Tour with neutral operating cash flow.” says CEO Rade Prokopovic.

Advisers

Augment Partners AB is acting as the financial advisor and Eversheds Sutherland Advokatbyrå AB is acting as the legal advisor in connection with the transaction.

IMPORTANT INFORMATION

Publication or distribution of this press release may in some jurisdictions be subject to statutory and legal restrictions and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and observe such restrictions. The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in SOZAP.

This press release does not constitute an offer to acquire securities in the United States. The securities mentioned herein may not be sold in the United States without registration in accordance with The Securities Act of 1933 or without the application of an exception to such registration. The information in this press release may not be released, published, reproduced or distributed in or to the United States, Australia, Canada, New Zealand, Hong Kong, Japan, Switzerland, Singapore, South Africa, or any other country or jurisdiction where such action is not permitted or such action is subject to legal restrictions or would require further registration or other measures than required by Swedish law. Measures contrary to this instruction may constitute a breach of applicable securities laws.