As stated in the notice of the Annual General Meeting on May 21st, 2025, the Board of Directors of Crunchfish has proposed that the Annual General Meeting resolves on an incentive program for employees and key persons through a directed issue of warrants with accompanying subscription of new shares in the company (item 12 on the proposed agenda for the Annual General Meeting). Following the publication of the notice, the Board of Directors has had a dialogue with major shareholders where it emerged that they are in favor of a revised larger incentive program. 

In view of this, the Board of Directors has prepared a revised proposal for an incentive program which comprises up to 7,500,000 warrants instead of the up to 1,500,000 warrants in the original proposal, but at a higher strike price set at 400% of the volume-weighted average price, instead of the original proposal's 200%, calculated during the 10 trading days immediately before the Annual General Meeting. As part of the new incentive program, Crunchfish will also repurchase warrants from previous incentive programs held by the participants in the new program. 

To enable the implementation of the revised proposal, the Board of Directors has decided to withdraw the original proposal to the Annual General Meeting and instead present a revised proposal to an Extraordinary General Meeting to be held on the same day as the Annual General Meeting, i.e. 21st May 2025. The notice of the Extraordinary General Meeting will be published through a separate press release. 

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the above for publication on 30th April 2025 at 12.45:00 CET.

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.