CirChem (CIRCHE) Status Update summary

Information memorandum and use of proceeds

• Information memorandum published for the upcoming board-approved rights issue; full terms and instructions are available on the issuer’s and Eminova’s websites.

• Gross proceeds of ~SEK 13.4m are intended for capacity expansion, completion of a quality-assurance laboratory, commercialization of automotive and paint-industry customer collaborations, and preparation of future storage and production areas.

Offer terms

• Record date: 9 June 2025; eligible shareholders receive 1 subscription right per share, and 5 rights entitle holders to subscribe for 1 new share at SEK 2.0.

• Subscription period runs from 11 to 25 June 2025.

Commitments and timetable

• ~68.2% of the issue is covered by subscription commitments and guarantees; commitments from board and management members total ~SEK 1.2m, or ~9.1%, including CEO Petra Sas and chair Mats Persson via entities.

• Bottom guarantees total ~SEK 6.8m, or ~50.9%, from external investors; Almi Invest Fond SI AB provided a compensation-free top-down guarantee of ~SEK 1.1m, or ~8.2%.

• Subscription-right trading runs 11–19 June; BTA trading begins 11 June; preliminary issue outcome is expected 27 June 2025.