SoftOx Solutions AS — Capital/Financing Update 2024

Mar 13, 2024

SOFTX: Call for extraordinary general assembly the 27th of March 2024

SOFTX: Call for extraordinary general assembly the 27th of March 2024

Solutions with creditors have been achieved and closing in on minimum NOK 25 million in new capital:

Oslo - March 13 2024: SoftOx Solutions, a Medtech and clinical-stage pharmaceutical company (the "Company"), have reached agreements with bondholders and employees to convert their total outstanding loan amounts, including accrued interests and costs, totaling NOK 77 million, to shares in the Company.

Furthermore, the Company is closing in on raising a minimum of NOK 25 million in equity by making arrangements with administrative suppliers to convert short term debt of up to NOK 15 million and raising minimum NOK 10 million in new capital.

When the raise is closed, the company will have fulfilled the requirements set out in the conditional agreements as described in the stock note of January 24, 2024. The Company thereby summons for an extraordinary general meeting on the 27th of March 2024 at 10.00 am CEST to resolve for a capital increase in the Company by conversion of debt and contribution of capital, followed by a repair issue to be held promptly thereafter.

The company have, as described in the stock note of January 11, 2024, elected to drop down the Skin and Wound care business from the company to a separate entity. After completion of the drop down, the board will suggest the distribution of the Skin and Wound Care shares to the shareholders of the SoftOx Solutions AS as dividend. Existing Shareholders of SoftOx Solutions AS will, after the distribution, receive one share in the new company for each share already held in the SoftOx Solutions AS.

For any questions or interview requests, please contact:

Geir Almås, Chair of SoftOx Solutions AS

Mail: ir@soft-ox.com

Phone: Geir Almås: (+47) 977 59 071

About SoftOx Solutions AS

SoftOx Solutions AS (SoftOx) is a Medtech and pharmaceutical company listed on Euronext Growth Oslo under 'SOFTX'. SoftOx Solutions AS was founded in 2012 and is headquartered in Oslo. The SoftOx Solutions Group includes: the holding company SoftOx Solutions AS, the Malmö subsidiary, and subsidiaries SoftOx Defense Solutions AS and SoftOx Disinfection AS. SoftOx is developing a highly effective antimicrobial solution for use in biofilm, viral and antimicrobial resistant infections. The patent-protected technology is based on extensive research and development in partnership with leading Nordic research institutes.

For more information on SoftOx, visit www.soft-ox.com