Lokotech Group (LOKO) Investor Update summary

Transaction highlights and structure

• Rights issue of up to 599.9 million new shares, partially underwritten for NOK 125 million, total size up to NOK 200 million at NOK 0.3334 per share.

• 78.9 million warrants offered to subscribers; subscription rights tradable on Euronext Growth Oslo from 7–15 May 2025.

• Proceeds will fund tape-out and mass production of proprietary Scrypt ASIC Miner, with excess used to increase production batch.

• Key dates: allocation on 21 May, payment by 26 May, shares delivered and listed by 3 June 2025.

Business overview and recent developments

• Operates cash-generating mining pools and data centers, expected to cover fixed costs in 2025.

• Redesigned Scrypt ASIC chip outperforms industry leaders by 135% on a less advanced node; system testing began May 2025.

• Group structure includes subsidiaries in mining pools, data centers, and Filecoin storage.

Market and ecosystem outlook

• Litecoin and Dogecoin dominate Scrypt ecosystem; Litecoin challenging Bitcoin in transaction volume.

• Merge mining and ETF applications for Litecoin/Dogecoin expected to boost institutional inflows and ecosystem growth.

• SEC views proof-of-work coins as commodities, supporting positive regulatory outlook.