Wyld Networks

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Wyld Networks AB ("Wyld Networks" or "the Company") has completed the rights issue of free-of-charge units consisting of warrants of series TO4 and warrants of series TO5 which the board of directors decided on August 29, 2023, with authorisation from the annual general meeting on June 7, 2023 (the “Rights Issue”). The outcome concludes that 1,794,137 units have been subscribed through use of unit rights, corresponding to approximately 92.3 percent of the Rights Issue. Additionally, the Rights Issue has been heavily oversubscribed for subscription without the support of unit rights. The Rights Issue has thus been fully subscribed. Since the Rights Issue consisted of units issued without cost, the Company does not receive any immediate proceeds in connection with the Rights Issue.

Outcome in the Rights Issue

The subscription period in the Rights Issue ended on September 22, 2023. The final outcome shows that 1,794,137 units has been subscribed for with support of unit rights, corresponding to approximately 92.3 percent of the Rights Issue. Additionally, the Rights Issue has been heavily oversubscribed for subscription without the support of unit rights. The Rights Issue has thus been fully subscribed. Consequently, 1,943,268 units have been allotted to subscribers, corresponding to 100 percent of the Rights Issue. Each unit consists of one (1) warrant of series TO4 and one (1) warrant of series TO5. In total, 1,943,268 units were subscribed, corresponding to 1,943,268 warrants of series TO4 and 1,943,268 warrants of series TO5. The Rights Issue has thus been fully subscribed.

Upon full exercise of all warrants of series TO4 issued in the Rights Issue, the Company may be provided with an additional capital injection of up to approximately SEK 27.7 million. Upon full exercise of all warrants of series TO5 issued in the Rights Issue, the Company may be provided with an additional capital injection of up to approximately SEK 32.3 million.

Allocation of units subscribed for without the support of unit rights

Allocation of units subscribed for without the support of unit rights has taken place in accordance with what is stated in the prospectus that the Company published on September 7, 2023, due to the Rights Issue. Notification of such allocation is announced separately through settlement notes. Nominee-registered shareholders receive notification of allotment in accordance with instructions from the respective nominee.

Shares and share capital

If all warrants of series TO4 issued in the Rights Issue are fully exercised for subscription of new shares in the Company, the number of shares in the Company will increase with 1,943,268 shares, from 17,126,753 shares to 19,070,021 shares, and the share capital will increase with SEK 162,146.872290, from approximately SEK 1,429,061.473 to SEK 1,591,208.346. If all warrants of series TO5 issued in the Rights Issue are fully exercised for subscription of new shares in the Company, the number of shares in the Company will increase with an additional 1,943,268 shares, from 19,070,021 shares to 21,013,289 shares, and the share capital will increase with an additional SEK 162,146.872290, from approximately SEK 1,591,208.346 to approximately SEK 1,753,355.218.

Warrants of series TO4

Each warrant of series TO4 entitles the holder to subscribe for one (1) new share in the Company at an exercise price corresponding to seventy (70) percent of the volume-weighted average price (VWAP) of the Company's share on Nasdaq First North Growth Market during the period from and including March 28, 2024 up to and including April 11, 2024, however a minimum of the share’s quota value (SEK 0.08) and a maximum of SEK 14.24 per share. Subscription of new shares through warrants of series TO4 shall be carried out according to the terms of the warrants during the period from and including April 15, 2024, up to and including April 29, 2024. The warrants of series TO4 are intended to be admitted to trading on the Nasdaq First North Growth Market after final registration of the Rights Issue with the Swedish Companies Registration Office.

Warrants of series TO5

Each warrant of series TO5 entitles the holder to subscribe for one (1) new share in the Company at an exercise price corresponding to seventy (70) percent of the volume-weighted average price (VWAP) of the Company's share on Nasdaq First North Growth Market during the period from and including October 30, 2024 up to and including November 12, 2024, however a minimum of the share’s quota value (SEK 0.08) and a maximum of SEK 16,61 per share. Subscription of new shares through warrants of series TO5 shall be carried out according to the terms of the warrants during the period from and including November 14, 2024, up to and including November 28, 2024. The warrants of series TO5 are intended to be admitted to trading on the Nasdaq First North Growth Market after final registration of the Rights Issue with the Swedish Companies Registration Office.

Paid subscribed units ("BTU”)

Trading with BTU (Paid Subscribed Unit) takes place on Nasdaq First North Growth Market until the conversion of BTU into warrants after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration with the Swedish Companies Registration Office is expected to take place during week 39, 2023.

Advisers

Mangold Fondkommission AB is financial adviser and Advokatfirman Schjødt is legal advisor to Wyld Networks in connection with the Rights Issue.

For further information, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689

The information was made public by the Company’s contact person above on September 25, 2023, at 18:45 CEST.

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market.

Certified Adviser to Wyld Networks is Mangold Fondkommission AB.

Read more on: www.wyldnetworks.com

Important Information

Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Wyld Networks in any jurisdiction, either from Wyld Networks or from anyone else.

This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority and is kept available at, inter alia, Wyld Networks' website.

This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.

Forward-looking statements

This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.