If all warrants are exercised for subscription of shares, Crunchfish will receive approximately SEK 5.2 million before issue costs. Warrants that have not been exercised on or before February 28, 2025, expire without value. Holders who do not wish to exercise their warrants must sell them no later than tomorrow, February 26, 2025.

Important information: Subscription and payment for the new shares should take place in good time before February 28, 2025, as different nominees have different processing times.

Terms for the warrants

• Terms: One (1) warrant series TO 10 entitles the holder to subscribe for one (1) newly issued share in Crunchfish.
• Exercise price: SEK 0.58 per new share.
• Exercise period: February 14 - 28, 2025.
• Last day of trading in warrants: February 26, 2025.
• Payment: At time of exercise.

Exercise of warrants

Exercise of nominee-registered warrants

Holders of warrants who have their holdings nominee-registered (holdings in securities custody services, investment savings accounts (ISK) or endowment insurances) must notify the exercise of warrants by contacting their respective nominee and follow the nominee's instructions regarding subscription and payment. This should take place well before February 28, 2025, as different nominees have different processing times.

Exercise of directly registered warrants

Holders of warrants who have their holdings directly registered (holdings on a VP account) must notify the exercise of warrants by completing and submitting an application form for the exercise, so that the application form is received by the issuing agent, Nordic Issuing, no later than February 28, 2025. The application form is available on the Company's, the issuing agent's and Västra Hamnen Corporate Finance's respective websites (www.crunchfish.com, www.nordic-issuing.se, www.vhcorp.se)). Please note that payment for the new shares must be received by Nordic Issuing no later than February 28, 2025, in accordance with the instructions on the application form.

Outcome and delivery of new shares

The outcome of the exercise of warrants will be published via a press release on or around March 4, 2025. Shares that have been subscribed and paid for may be registered on the subscriber's securities depository as interim shares (IA) until registration of the issue has been completed with the Swedish Companies Registration Office, whereupon the interim shares automatically will be converted into ordinary shares in Crunchfish.

IMPORTANT INFORMATION

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Crunchfish. An offer to concerned persons to subscribe for units consisting of shares and warrants series TO 10 in Crunchfish has only been made through the prospectus that Crunchfish published on November 1, 2024.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

The information was submitted for publication, through the agency of the contact person set out above, at 12:45 CET on February 25th, 2025.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish - crunchfish.com

Crunchfish is a fintech company providing a Digital Cash solution enabling offline payments. The solution is designed for banks, payment services, and Central Bank Digital Currency (CBDC). Crunchfish Digital Cash augments payment systems by offering resilience in case of lost internet connections or server failures. The company, with headquarters in Malmö, Sweden and a subsidiary in India, is listed on Nasdaq First North Growth Market since 2016.