Result of the private placement and the board’s resolution to complete the share capital increase

Company announcement no. 87
Copenhagen, 22 November 2022

The announcement contains inside information

Following yesterday’s resolution to initiate a directed issue of new shares without pre-emptive rights for the existing shareholders, the board of directors of Shape Robotics A/S has in a board meeting today after having received subscription commitments from investors for all of the new shares offered resolved to complete the private placement of new shares without pre-emptive rights for the existing shareholders that was announced yesterday under company announcement no 85. The board’s resolution has been made by exercise of the remaining authority contained Section 4.2 of the Company’s Articles of Association.

The resolution implies that the share capital of Shape Robotics A/S will be increased with nom. DKK 200,575 by issuance of 2,005,750 new shares with a nominal value of DKK 0.10 each. The new shares have been subscribed for at market price as determined by the board of directors to DKK 13.50 per new share to be paid in cash.

The new shares will be issued in the same share class as the existing shares and will thus carry the same rights pursuant to the Company’s Articles of Association. Furthermore, the new shares will be issued in the existing ISIN code DK0061273125

The completion of the directed issue will result in a dilution of the existing shareholders with 24 % of the share capital and of the voting rights. The directed issue implies that the number of shares in the Company will be increased with 2,005,750 and with an equal number of voting rights. The total share capital of the Company after completion of the directed issue will amount to nominally DKK 1,046,261.90 divided into 10,462,619 shares with a nominal value of DKK 0.10 each, and with the same number of voting rights.

As a result of the directed issued the Company will receive gross proceeds (before deduction of costs related to the offering) of DKK 27,077,625.

The predominant part of the directed issue, corresponding to approx. 98.5 %, has been subscribed for by Fundamental Fondsmæglerselskab A/S and Investeringsforeningen Fundamental Invest while a smaller part, corresponding to approx. 1.5 %, has been subscribed for by OPM Invest ApS, a company jointly held by André Reinhard Fehrn, CEO of Shape Robotics A/S, and by Mark Abraham, Business Development Director in Shape Robotics Romania S.R.L .

Registration of the share capital increase will be made as soon as possible. Following registration, the updated Articles of Association will be made available on the Company's website https://shaperobotics.com. The new shares are expected to be admitted to trading on Nasdaq First North Growth Market Denmark on Friday, 25 November 2022.

Additional information and investor relations
Lars Nyengaard, Chairman
Tlf. (+45) 3010 2645

André Fehrn, CEO
Tlf.  (+45) 2444 8556
Email: ir@shaperobotics.com
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com

Certified advisor contact
Norden CEF A/S
John Norden Tel: +45 20 72 02 00
Email: jn@nordencef.dk
www.nordencef.dk