BeammWave AB ("BeammWave" or the "Company") earlier today announced the final outcome of the Company's rights issue of Class B shares of a maximum of approximately SEK 51.7 million with preferential rights for existing shareholders (the “Rights Issue”), resulting in a total subscription of approximately 276.4 percent. Following the strong interest in the Rights Issue, the Board of Directors of BeammWave has decided to exercise the overallotment option and carry out a directed issue of 2,173,913 Class B shares to institutional investors LMK Industri AB and Nowo Fund Management, at the same subscription price of SEK 11.50 per share as in the Rights Issue, corresponding to approximately SEK 25.0 million (the “Directed Issue”), based on the authorization granted by the Annual General Meeting on May 20, 2026.

The Board of Directors of BeammWave has today resolved on the Directed Issue of 2,173,913 Class B shares at a subscription price of SEK 11.50 per Class B share, based on the authorization granted by the Annual General Meeting of the Company held on May 20, 2026. The subscription price corresponds to the same price per share as in the Rights Issue. Through the Directed Issue, BeammWave will receive proceeds of approximately SEK 25.0 million before deduction of issue costs attributable to the Directed Issue. The subscription price in the Directed Issue has been determined by the Board of Directors after arm's-length negotiations with the investors and in consultation with the Company's financial advisor North Point Securities. The subscription price is, according to the assessment of the Board of Directors and the financial advisor, in line with market conditions.

LMK Industri AB has not previously been a shareholder in BeammWave. LMK Industri AB and Nowo Fund Management, both institutional investors, participated in the Rights Issue but did not receive any allocation above subscription with preferential rights. It is against this background that the Board of Directors has decided to exercise the overallotment option and carry out the Directed Issue. Through the Directed Issue, LMK Industri AB and Nowo Fund Management together subscribe for 2,173,913 Class B shares.

Comments from LMK Industri's CEO, Anders Månsson
“We have followed BeammWave for a long time, and we are pleased to now have the opportunity to invest in and support the company following a period of constructive discussions. We see clear value in backing entrepreneurial, cutting-edge technology companies that operate in global markets, have a strong foundation, and are well positioned to capitalize on growing demand. By supporting such businesses, we aim to contribute to the creation of the next generation of Swedish industrial success stories.

Our investment and the new issue as a whole will provide BeammWave with additional financial strength to maintain its strategic focus and accelerate its growth ambitions”, says Anders Månsson, CEO at LMK Industri.

Comments from BeammWave's CEO, Stefan Svedberg
"Following the tremendous success of our rights issue, we are thrilled to have the opportunity to exercise the overallotment option to bring in two highly significant institutional owners. I want to extend a special welcome to our fellow Lund-based investor, LMK Industri AB. Having such a reputable, local, and long-term actor choose to make its first investment in BeammWave is a massive stamp of approval for what we are building. Coupled with the continued, strong backing from Nowo Fund Management, we are securing an exceptional institutional foundation for our future expansion", says BeammWave's CEO, Stefan Svedberg.

Increase in share capital and number of shares

Through the Directed Issue, the number of Class B shares in BeammWave will increase by 2,173,913, from 47,396,733 Class B shares to 49,570,646 Class B shares and the share capital will increase by approximately SEK 214,860.0405, from approximately SEK 5,063,124.7836 to approximately SEK 5,277,984.8241, based on the number of registered shares and the registered share capital after the Rights Issue has been registered with the Swedish Companies Registration Office.

The Directed Issue entails a dilution of approximately 4.4 percent of the number of Class B shares and votes attributable to the Class B shares, based on the number of registered Class B shares after the Rights Issue has been registered with the Swedish Companies Registration Office.

Advisors
Swedish North Point Securities acts as financial advisor, Advokatfirman Lindahl acts as legal advisor, and Nordic Issuing acts as issuing agent in connection with the Rights Issue.

Important information

The publication, publication or distribution of this press release may be subject to restrictions by law in certain jurisdictions. Recipients of this press release in the jurisdictions in which this press release has been published or distributed should inform themselves of and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable regulations in their respective jurisdictions. This press release does not constitute an offer to buy or subscribe for shares or other securities issued by the Company, either from the Company or from anyone else, in any jurisdiction where such offer or offer would be contrary to applicable rules or require further registration or other measures.

This press release is not a prospectus within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus has been or will be prepared in connection with the Rights Issue. In each EEA Member State, this announcement is only directed at "qualified investors" in that Member State as defined in the Prospectus Regulation.

This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration, or without the application of an exemption from registration, under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration, an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States, or to make a public offer of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, South Korea or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable regulations or where such action is subject to legal restrictions or would require additional registration or other measures than what follows from Swedish law. Actions in violation of this instruction may constitute a violation of applicable securities legislation.

In the United Kingdom, this document, and any other materials relating to the securities referred to herein, are only being distributed and directed at, and any investment or investment activity relating to this document is only available to, and will only be available to, "qualified investors" who are (i) persons who have professional experience in activities relating to investments and who fall within the definition of "professional investors" in Article 19(5) of the United Kingdom. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth persons referred to in Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). An investment or investment measure to which this announcement relates is only available in the United Kingdom to relevant persons and will only be made with relevant persons. Persons who are not relevant persons should not take any action based on this press release, nor should they act or rely on it.

This press release does not identify or purport to identify any risks (direct or indirect) that may be associated with an investment in new shares. The information in this press release is only to describe the background to the Rights Issue and does not claim to be complete or exhaustive. No assurance should be made in relation to the information in this press release regarding its accuracy or completeness. An investment decision to acquire or subscribe for shares in connection with the Rights Issue may only be made based on publicly available information regarding the Company and the Company's shares.

Failure to follow these instructions may constitute a violation of the Securities Act or applicable laws in other jurisdictions.

Forward-looking statements

This press release contains forward-looking statements regarding the Company's intentions, assessments or expectations regarding the Company's future results, financial condition, liquidity, development, prospects, expected growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the fact that they contain expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are correct. Because these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes may, for a variety of reasons, differ materially from those set forth in the forward-looking statements. Such risks, uncertainties, contingencies and other material factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to review, update, confirm or publicly release any revisions to any forward-looking statements to reflect events that occur or circumstances that occur with respect to the content of this press release, unless required by law or Nasdaq First North Growth Market's rules for issuers.