FIFAX Plc ("Fifax" or the "Company") has entered into 5 separate loan agreements (the "Loan Agreements") under which certain investors, including FV Group AB and Oy Etrisk Ab, lend in total EUR 350.000 to Fifax (the "Loans"). The administrator of the Company's corporate restructuring proceedings and Fifax's largest creditors have approved the Loans.

Pursuant to the Loan Agreements the principal and accrued capitalized annual interest of 15 percent shall be repaid on 30 June 2026 (the "Maturity Date"). The Loans are unsecured. Under the Loan Agreements principal and capitalized interest may be converted into shares in the Company under certain conditions, including during a period commencing four (4) months prior to the Maturity Date and ending on the Maturity Date, immediately prior to the Company raising funds through a share issuance, where the value of such new shares is more than the Conversion Price (as defined below) and in certain exit events, including a sale to one or more third parties of more than 50% of the shares and votes of the Company, a sale to one or more existing shareholders of all or substantially all of the shares in the Company, a sale or exclusive license of all or substantially all of the assets of the Company, or a merger, reorganization or consolidation or other transaction subsequent to which the Company’s shareholders at such time possess less than 50% of the shares of the surviving or new entity. Principal and capitalized interest may also be converted, if Fifax's Board of Directors, after having consulted with the appointed restructuring administrator, deems it necessary in order to achieve an approved restructuring program.

Under the Loan Agreements the subscription price payable for each new share in connection with a conversion shall be the lower of: (a) the volume weighted average price of Fifax's shares traded on Nasdaq First North Growth Market Finland on the close of the trading day calculated for the period from the start of the corporate restructuring proceedings of the Company on 9 May 2025, to the date immediately preceding the date of the Loan Agreements, or (b) the price of Fifax's shares on Nasdaq First North Growth Market Finland on the close of the trading day preceding the relevant calculation date in question (the "Conversion Price").

The Loans provide Fifax with liquid funds, which are necessary for the Company to be able to continue its corporate restructuring proceedings. Further additional financing will be required for completing the corporate restructuring. If the Company is unable to obtain additional financing, Fifax's ability to continue its corporate restructuring proceedings and business operations may be jeopardized, and it may have to file bankruptcy.

For more information:

Samppa Ruohtula
CEO, FIFAX Plc
+358 40 559 8812
samppa.ruohtula@fifax.ax

Certified Advisor:
Aktia Alexander Corporate Finance Oy
+358 50 520 4098

Fifax in brief

Fifax’s vision is to be a forerunner in large-scale sustainable fish farming with a minimal impact on the environment, so that locally and sustainably produced fish can be enjoyed by its customers all year round.

Established in 2012, Fifax utilizes ultra-intensive Recirculating Aquaculture Systems (RAS) technology based on the principle of an almost completely closed water circulation within the facility, where the fish live in large land-based indoor tanks. Indoor tanks better safeguard against external factors, and the environmental impact and pollution from the facility is significantly lower when compared to traditional fish farming in water bodies.

Fifax Plc’s shares have been listed in Nasdaq First North Growth Market Finland.