The subscription period in the rights issue in Midsummer AB (publ) ("Midsummer" or the "Company") ended on 19 January 2026 (the "Rights Issue"). The Company has received the final outcome of the Rights Issue, which concludes that 66,673,940 shares, corresponding to approximately 52.7 percent of the Rights Issue have been subscribed for with the support of subscription rights. Additionally, applications for subscription of 9,668,973 shares without the support of subscription rights, corresponding to approximately 7.6 percent of the Rights Issue, have been received. In aggregate, subscriptions with and without the support of subscription rights amount to approximately 60.3 percent of the Rights Issue. Hence, guarantee commitments of 50,166,522 shares, corresponding to approximately 39.7 percent of the Rights Issue, will be utilised. The Rights Issue will provide the Company with proceeds of approximately SEK 175 million before deduction of costs related to the Rights Issue.
Number of shares and share capital
Those who have subscribed for shares without the support of subscription rights will be allotted shares in accordance with the principles set out in the information document published by the Company on 29 December 2025. Notice of allotment to the persons who subscribed for shares without the support of subscription rights is expected to be distributed via contract note on 22 January 2026. Allotted shares shall be paid in cash in accordance with the instructions on the contract note. Subscribers who have subscribed through a nominee will receive notification of allotment in accordance with their respective nominee's procedures. Only those who have been allotted shares will be notified.
The last day of trading in paid subscribed shares (Sw. BTA) is expected to be on 28 January 2026. The new shares subscribed for with and without the support of subscription rights are expected to be admitted to trading on Nasdaq First North Premier Growth Market on or around 3 February 2026.
Advisors
Eric Jaremalm
Email: eric.jaremalm@midsummer.se
Chairman of the Board, Midsummer
Tel: +46 708 705308
About Midsummer
Publication, release or distribution of this press release may in certain jurisdictions be subject to restrictions by law and persons in the jurisdictions where this press release has been published or distributed should inform themselves about and observe such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer of, or invitation to, acquire or subscribe for any securities in Midsummer in any jurisdiction, either from Midsummer or from anyone else.
This press release is not a prospectus within the meaning of the Regulation (EU) 2017/1129 (the Prospectus Regulation) and has not been approved by any regulatory authority in any jurisdiction. The information document regarding the Rights Issue was published by the Company on 29 December 2025.
This press release neither identifies nor purports to identify risks (direct or indirect) that may be attributable to an investment in the Company. The information in this press release is only to describe the background to the Rights Issue and the agreement regarding the bonds and makes no claim to be complete or exhaustive. No assurance shall be given in connection with the information in this press release regarding its accuracy or completeness. SB1 Markets acts for Midsummer in connection with the Rights Issue and the agreement regarding the bonds and not for anyone else's account. SB1 Markets is not responsible to anyone else for providing the protection provided to their clients or for providing advice in connection with the Rights Issue or the agreement regarding the bonds or regarding anything else mentioned herein.
This press release does not constitute an offer of or invitation regarding the acquisition or subscription of securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without 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 without being registered, covered by an exemption from, or in a transaction not subject to the registration requirements under the Securities Act. There is no intention to register any securities mentioned herein in the United States or to make a public offering regarding such securities in the United States. The information in this press release may not be published, released, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or to the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, the United Kingdom, South Africa, South Korea or any other jurisdiction where such publication, release or distribution of this information would contravene applicable rules 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 contravention of this instruction may constitute a violation of applicable securities legislation.
In the United Kingdom, this document is distributed and directed only to, and an investment or investment activity attributable to this document is only available to and will only be able to be utilized by, "qualified investors" who are (i) persons who have professional experience of activities relating to investments and who fall within the definition of "investment professionals" in article 19(5) of the UK 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)-(d) of the Order (all such persons are collectively referred to as "relevant persons"). An investment or investment action to which this communication relates is in the United Kingdom only available to relevant persons and will only be carried out with relevant persons. Persons who are not relevant persons should not take any action based on this press release and should not act on or rely on it.
Forward-looking statements
In order to meet the product governance requirements contained in: (a) Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments, as amended, ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) national implementing measures (together the "Product Governance Requirements in MiFID II") and to disclaim all extra-contractual, contractual or other liability that any "manufacturer" (within the meaning of the Product Governance Requirements in MiFID II) may otherwise be subject to, the offered shares have been subject to a product approval process, which has determined that these securities are: (i) suitable for a target market consisting of non-professional investors and investors who meet the criteria for professional clients and eligible counterparties, as defined in MiFID II; and (ii) suitable for distribution through all distribution channels permitted under MiFID II (the "Target Market Assessment").
Notwithstanding the Target Market Assessment, distributors should note that: the price of the Company's shares may fall and investors may lose all or part of their investment, that the Company's shares are not associated with any guarantee regarding return or capital protection and that an investment in the Company's shares is only suitable for investors who are not in need of guaranteed return or capital protection and who (alone or with the help of appropriate financial or other advisors) are capable of evaluating the benefits and risks of such an investment and who have sufficient resources to bear the losses that such an investment may result in. The Target Market Assessment does not affect other requirements regarding contractual, legal or regulatory sales restrictions in connection with the Rights Issue or the agreement regarding the bonds.
The Target Market Assessment does not constitute, for the avoidance of doubt, (a) a suitability or appropriateness assessment within the meaning of MiFID II or (b) a recommendation to any investor or group of investors to invest in, acquire, or take any other action regarding the Company's shares.
Each distributor is responsible for conducting its own Target Market Assessment regarding the Company's shares and for deciding on appropriate distribution channels.
