Rights Issue 2025

Unit Composition

Series A units: 4 A-shares + 3 TO4A warrants

Series B units: 4 B-shares + 3 TO4B warrants

Subscription ratio: 5 subscription rights = 1 unit

Capital Raise Projections

Initial raise: Approximately 26 million SEK (before costs)

Additional potential: Up to 13.6 million SEK from full warrant exercise

Combined maximum: Approximately 39.7 million SEK (before emission costs)

Use of Proceeds

• Strengthen financial position and balance sheet

• Finance ongoing operational costs

• Enable future defense sector acquisitions

• Partially finance Stage 2 of Joint Venture drone factory

Dilution

Non-participating shareholders face up to 44.40% dilution. However, they may offset this economically by selling received subscription rights. Following full warrant exercise: approximately 25% dilution.