Important information

Access to information and documents on this part of the website of Terranet AB (the “Company”) is restricted for regulatory reasons. You are requested to review the following information and provide the following confirmation each time you seek access to this information. Your confirmation must be truthful and accurate.

The information on this part of the Company’s website is not intended for, and may not, directly or indirectly, in whole or in part, be accessed by or distributed or disseminated to persons residing or located in the United States (including its territories and possessions, any state of the United States and the District of Columbia) (the “United States”), Canada, Japan, Australia, Hong Kong, New Zealand, South Korea, South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions, or would require additional prospectuses, registration or other measures than those required by Swedish law. The information on the website does not constitute an offer of shares, subscription rights, paid subscribed shares or shares issued by the Company (“Securities”) to any person in such jurisdictions. Nor may the information on the website be forwarded or reproduced in a manner that contravenes such restrictions or would entail such requirements.

Within the European Economic Area (“EEA”), no offer to the public of Securities is made in any other country than Sweden. In other member states of the European Union (“EU”), such an offer may only be made in accordance with the exemptions in Regulation 2017/1129 of the European Parliament and of the Council (the “Prospectus Regulation”). In other countries within the EEA that have implemented the Prospectus Regulation in national legislation, such an offer may only be made in accordance with the exemptions in the Prospectus Regulation and in accordance with any relevant implementing measures. In other countries within the EEA that have not implemented the Prospectus Regulation in national legislation, such an offer may only be made in accordance with the applicable exemption in the national legislation.

Securities of the Company mentioned in this section of the website (the “Securities” or “Security”) have not been and will not be registered under the Securities Act, as amended, or with any state securities commission in any state of the United States and may not be offered or sold in the United States unless the Securities are registered under the Securities Act or pursuant to an exemption from, or through a transaction not subject to, the registration requirements of the Securities Act.

Persons receiving information or documents relating to the offer must inform themselves of the above restrictions. Any action taken in violation of the above restrictions may constitute a violation of applicable securities laws.

I therefore certify that:

  1. I am a resident of and located in a country outside the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea or any other jurisdiction where the publication, distribution or release would be unlawful or require registration or other action under applicable law;
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  3. I have read, understood and agree to comply with all the restrictions set out above.
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The information may NOT be downloaded or read by persons residing in the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Switzerland, Singapore, South Africa, or any other jurisdiction where participation would require additional prospectuses, registration, or measures other than those under Swedish law or otherwise contrary to the rules of such jurisdiction. Distribution of the information and participation in the Offer are subject to restrictions in law and other rules in some jurisdictions. The Company has not taken and will not take any steps to allow an offer to the public in any jurisdictions other than Sweden. The Offer is not addressed to persons domiciled in the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Switzerland, Singapore, South Africa, or any other jurisdiction where participation would require additional information, registration, or other measures than those arising under Swedish law or otherwise contrary to the rules of such jurisdiction. Consequently, the information, the notification form and other documents relating to the Offer may not be distributed in or to said countries or any other jurisdiction where distribution or the Offer requires such action or otherwise violates applicable rules. Subscription of units and acquisition of securities in violation of the above limitations may be invalid. Persons receiving copies of the information must inform themselves of and comply with such restrictions. Measures in breach of the restrictions may constitute a breach of applicable securities laws.

Information about Rights issue 2025

Background and Rationale

Terranet is in an expansive phase with the development of BlincVision and has achieved several important milestones in 2024, including successful tests and partnerships with leading players in the automotive industry. To take the next step, funding is required to complete the development of an MVP (Minimum Viable Product) and continue the development towards volume production in collaboration with future potential partners.

 In order to be able to carry out the necessary development work required to commercialize BlincVision and repay the Company’s outstanding interest-bearing debt of approximately SEK 8 million, Terranet’s board of directors has perceived a need for capital injections and is therefore carrying out the Directed Share Issues and the Rights Issue. The proceeds from the Directed Share Issues and the Rights Issue shall primarily be used for:

  •  Repayment of outstanding loans, approximately 20 percent.
  • External development costs for components for BlincVision, approximately 25 percent.
  • Own development work and marketing and sales activities by BlincVision, approximately 25 percent.
  • Investments in property, plant and equipment, about 10 percent.
  • Working capital, approximately 20 percent.

 

The Rights Issue in summary:

Subscription period: 27 May 2025 – 11 June 2025 (note that some nominees close subscription at an earlier date).

Trading in unit rights: 27 May 2025 – 5 June 2025.

Subscription with preferential rights: For each existing share held on the record date 15 April 2025, one (1) subscription right will be received, five (5) subscription rights entitle to subscription of one (1) share.

Subscription price: The subscription price in the rights issue amounts to SEK 0.09 per share.

Issue proceeds: If fully subscribed in the Rights Issue, the company may receive a maximum of approximately SEK 15 million before issue costs.

Subscription and guarantee commitments: The Rights Issue is covered to 100 percent by subscription commitments and guarantee commitments.

Related Documents

Information memorandum – available in Swedish only.

Press Releases and Shareholder Letter

Media