The Board of Directors of Irisity AB (publ) ("Irisity" or the "Company") has today decided to take out a temporary credit facility of up to SEK 15 million (the "Credit Facility") from the Company's largest shareholder Stockhorn Capital AB ("Stockhorn") and to carry out a rights issue of up to approximately SEK 21.1 million (the "Issue") that is fully secured.

Irisity is in a strained liquidity situation due to delayed payments from certain customers. To manage the liquidity situation, Stockhorn has offered the Credit Facility, which the Board of Directors of Irisity has decided to accept after arm's length negotiations. The Credit Facility carries an annual interest rate at STIBOR 3M plus 4 per centage units per annum and incurs no other costs for the Company.

Furthermore, the Company will immediately initiate the work on the Issue that provides the Company with approximately SEK 21.1 million before issue costs at a subscription price of SEK 0.40 per share. The Issue is fully secured through subscription commitments and guarantee commitments from some of the Company's larger existing shareholders, of which Stockhorn has committed to subscribe for shares up to SEK 15 million, whereby the amount utilized under the Credit Facility at the time of the Issue will be offset against shares in the Issue and the excess amount paid in cash. No subscription or guarantee commitments to subscribe for shares in the Issue will incur any costs for the Company.

As of today, Stockhorn holds shares and votes in the Company corresponding to 24.04 percent. After the Issue, Stockhorn's holding of shares and votes in the Company may exceed 30 percent. Therefore, Stockhorn's participation in the Issue is conditional upon the Swedish Securities Council granting an exemption from the mandatory bid rules and the Swedish Inspectorate of Strategic Products approving Stockhorn's FDI application.

The detailed terms of the Issue and the notice of an extraordinary general meeting to decide on the Issue will be announced shortly.

For further information, please contact:

Keven Marier, CEO, Irisity AB, +46 771 41 11 00, keven.marier@irisity.com.

This is information that Irisity AB (publ) is obliged to make public according to the EU's market abuse regulation. The information was submitted for publication, through the agency of the contact person above, at 19:30 CET on March 21, 2025.

About Irisity
Irisity's AI Open Platform enhances any camera and video management system by integrating a choice of advanced AI and video metadata management featuring hybrid architecture, built-in anonymization, and flexible deployment (on-premises, cloud, or hybrid). Globally trusted in over 3000 locations, our platform delivers real-time, efficient, and precise data, augmenting human decisions to improve safety, operational efficiency and organizational intelligence.

The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS, the Company's Certified Adviser is Carnegie Investment Bank AB.

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