FOM Technologies’ offering of new shares is completed based on a subscription of approx. 91 %.
Company announcement no. 92 – 2025 |Copenhagen, the 24th of October 2025
THIS COMPANY ANNOUNCEMENT CONTAINS INSIDER INFORMATION
FOM Technologies A/S (“FOM Technologies” or the “Company”)’s offering (the “Offering”) of new shares (“New Shares”) with pre-emptive rights for existing shareholders, as announced on October 2, 2025, is completed. The Offering has been subscribed for 90.98 %, corresponding to the issuance of 4,324,019 New Shares in the Offering. The gross proceeds from the Offering amount to approximately DKK 21.6 million. After deducting the estimated costs of the Offering of approximately DKK 1.6 million, the Company will receive net proceeds of approximately DKK 20.0 million.
The subscription period for the New Shares expired on Tuesday, October 21, 2025, at 17:00 (CEST). At the end of the subscription period, subscription rights had been exercised and binding commitments had been received for a total of 4,324,019 New Shares with a nominal value of DKK 0.10 each, corresponding to total cash subscriptions of approximately DKK 21.6 million. A total of 1,981,435 of the New Shares were subscribed for by exercise of subscription rights, and 2,342,584 of the New Shares were subscribed for as Remaining Shares (as defined in the company announcement of October 2, 2025 (the “Offering Announcement”)). The Offering has thus been subscribed for 90.98% of the maximum offering of 4,752,476 New Shares.
The total 4,324,019 New Shares provide gross proceeds of approximately DKK 21.6 million. After deduction of the estimated costs of the Offering of approximately DKK 1.6 million, the Company will receive net proceeds of approximately DKK 20.0 million.
All new investors and existing shareholders who submitted binding orders to subscribe for Remaining Shares will receive full allocation.
Use of net proceeds from the Offering
The net proceeds from the Offering will be used, among other things, to strengthen the Company’s capital structure, ensuring that the Company maintains a sound capital base and has sufficient working capital for at least the next 12 months at the current level of activity. In addition, the net proceeds will be used to establish new global sales channels, strengthen working capital for fast product delivery, and support development activities. The main focus will be to work towards achieving positive cash flow and thereby positive EBITDA. Reference is made to the Offering Announcement for a more detailed description of the intended use of the net proceeds.
Process and timeline
The Offering is expected to be completed once payment for all New Shares has been received and the capital increase in connection with the issuance of the New Shares has been registered with the Danish Business Authority, which is expected to take place on Thursday, October 30, 2025.
The New Shares will be issued and delivered under the temporary ISIN code DK0064419204. The New Shares are expected to be admitted to trading on Nasdaq First North Growth Market under the ISIN code DK0061278199, which is the ISIN code for the existing shares, with the first day of trading expected on Monday, November 3, 2025. The temporary ISIN code will not be admitted to trading on Nasdaq First North Growth Market Denmark but will be merged with the existing ISIN code DK0061278199. The merger is expected to be completed on Tuesday, November 4, 2025.
Following completion of the Offering, the Company’s share capital will increase from a nominal value of DKK 950,495.20, divided into 9,504,952 shares of DKK 0.10 each, to a total nominal value of DKK 1,382,897.10, divided into 13,828,971 shares of DKK 0.10 each. Each share of nominal DKK 0.10 carries one vote, and the total number of voting rights in the Company will, following completion of the Offering, be 13,828,971.
FOM Technologies will publish a company announcement once the capital increase resulting from the Offering has been registered with the Danish Business Authority and will subsequently make the Company’s new Articles of Association available on the Company’s website.
---//---
CONTACT INFORMATION:
Company:
FOM Technologies A/S
CEO Michael Stadi
Tlf: +45 20 66 60 44
E-mail: ms@fomtechnologies.com
www.fomtechnologies.com
Certified Advisor:
Norden CEF A/S
John Norden
Tlf: +45 20 72 02 00
E-mail: jn@nordencef.dk
www.nordencef.dk
Financial Advisor:
Gemstone Capital ApS
Tlf: +45 24 24 26 00
E-mail: info@gemstonecapital.com
www.gemstonecapital.com
Communication:
Gullev & Co ApS
Boris Gullev
Tlf: +45 31 39 79 99
E-mail: borisgullev@gmail.com
www.gullev.co
---/---
Contacts
- Michael Stadi, CEO, +45 20 66 60 44, ms@fomtechnologies.com