Simultaneously, the Company has received a request from Adam Back to convert the full loan amount allocated to him under Tranche 5 into shares in the Company, in accordance with the terms set out in the applicable investment and loan agreements. The agreed conversion price for Tranche 5 is SEK 5.00 per share. Under these terms, Adam Back has been allocated SEK 53,156,250 in Tranche 5, representing 50 percent of the total expected tranche size of SEK 106,312,500.

Dilution
The conversion of Adam Back’s allocation in Tranche 5 will result in the issuance of 10,631,250 new shares. This corresponds to a dilution of approximately 8.3 percent based on the current 117,089,006 outstanding shares in the Company. 

Assuming full allocation and conversion of the Company’s initial SEK 21 million convertible loan, Tranches 1 through 5 in the convertible loan framework, and the directed share issue announced on 11 June 2025, a total of 138,803,383 new shares are expected to be issued. This would increase the total number of shares from 117,089,006 to 255,892,389, resulting in a total dilution of approximately 54.2 percent.

The Board of Directors intends to resolve on the necessary share issue to effectuate the conversion, pursuant to the authorization granted by the Extraordinary General Meeting held on 7 March 2025. A separate press release will be issued once the resolution has been adopted.

Important information
This press release does not contain and does not constitute an invitation or an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in H100. The publication, release or distribution of this press release may be restricted by law in certain jurisdictions and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe any such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction.
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