Third conversion of convertibles in Smoltek completed - SEK 675 thousand converted into shares

This press release is an English version of the previously published Swedish version, which has interpretive precedence.

Smoltek Nanotech Holding AB (publ) (“Smoltek” or the “Company”) announces that a portion of the convertible loan with a nominal amount of SEK 20 million, which was issued in accordance with a resolution from the extraordinary general meeting on January 9, 2025, has been converted into shares in the Company. The total amount converted amounts to SEK 675 thousand. The conversion has been carried out in accordance with the established terms and conditions for the convertible loan.

A total of SEK 675,000 has been converted into shares in Smoltek, which results in an increase in the number of shares in the Company by 1,607,142 and an increase in the share capital by SEK 191,456.017907. After the conversion, the Company's share capital amounts to SEK 21,375,001.739523 and the number of shares in Smoltek to 179,428,484. The exact conversion rate for the convertible loans amounts to SEK 0.42 per share.

Convertible holders have the option to convert their convertibles into shares up to and including 31 January 2027. For conversions that occur after 31 January 2026, the conversion price will be increased by 10% to SEK 0.46 per share. After the maturity of the convertible loan, the right to convert will expire.