Changes to the loan agreement dated 7 December 2025 – fixed subscription price of 3 SEK in case of conversion
ORTELIUS International AB (publ) (Nasdaq First North Growth Market: ORTIN) (“ORTELIUS” or “Company”) entered into a loan agreement of SEK 5 million with JEQ Capital AB (“JEQ”) on 7 December 2025. The parties have today agreed on a change and amendment to the loan agreement. The loan agreement includes a right for the lender to request repayment through conversion of the debt into shares.
Following the change and amendment to the loan agreement, the subscription price in a possible conversion of debt into shares under the loan agreement is fixed at 3 SEK per share. No volume-weighted average price (VWAP) shall be applied.
The change means a clearer and more predictable capital structure for the Company, as both ORTELIUS and the market now have a fixed conversion rate to relate to. The fixed rate eliminates the uncertainty associated with a variable VWAP-based pricing and thereby reduces potential volatility and uncertainty in future capital raisings.
The agreed conversion rate reflects the parties' joint long-term view of ORTELIUS’ business, strengthens the company's financial planning, and creates stable conditions for continued development.