The loan aims to increase the Company's liquidity before the second instalment of the EDF grant is paid, which is expected in early Q4, 2024. The loan has been signed at market terms and runs until November 30, 2024, or earlier if the Company's finances change significantly and the Company finds this advantageous.

For the sake of clarity, the loan is taken up solely in relation to liquidity management and the company's view of the short- and long-term goals is unchanged. Should the Company be unable to fulfill repayment of the loan, the outstanding debt will be converted to shares.