SpectrumOne AB — Share Issue/Capital Change 2020

Apr 17, 2020

SpectrumOne AB (publ) completes acquisition of Cloud Explorers AS and provides a status update regarding earlier communicated capitalization timeline

SpectrumOne AB (publ) completes acquisition of Cloud Explorers AS and provides a status update regarding earlier communicated capitalization timeline

Today, on the 17th of April 2020, SpectrumOne AB (publ) ("SpectrumOne" or "the

Company") has completed the acquisition of Cloud Explorers AS ("Cloud

Explorers"). Furthermore, SpectrumOne has entered a guarantee commitment of

approximately SEK 25 million, as previously communicated, with Jörns Bullmarknad

AB ("Jörns Bullmarknad"). Lastly, the board informs regarding an updated

preliminary timeline for the planned rights issue and directed issue of units

and exercise period of associated warrants.

SpectrumOne has completed the acquisitions of Cloud Explorers AS

SpectrumOne has today completed the acquisition of 70 % of the shares (the

"Shares) in the Norwegian company Cloud Explorers AS. Together with the

previously owned 30 % of the shares, SpectrumOne is now the 100 % owner of Cloud

Explorers AS. In order to correspond to the new timeline for the planned rights

issue and the directed issue of warrants, the Parties have agreed to a new

payment plan for the Shares whereby SEK 15 million is paid today, SEK 25 million

on November 30, 2020 and the remaining SEK 10 million on April 1, 2021.

SpectrumOne has also today issued a Sellers Credit amounting to SEK 12.5 million

to be set of against new shares in SpectrumOne at a price of SEK 1.50 each. The

directed issue of 8,333,333 new shares in SpectrumOne will be registered with

the Swedish Companies Registration Office after the record date of the rights

issue of the warrants.

Guarantee commitment signed with Jörns Bullmarknad

SpectrumOne has entered into a guarantee commitment agreement of up to SEK 25

million with Jörns Bullmarknad, as previously announced on February 17[th],

2020. Previously, SpectrumOne announced Jörns Bullmarknad AB's intention to

enter into a guarantee commitment (top-down) of SEK 25 million in connection

with the exercise period for warrants of series TO 2. Jörns Bullmarknad´s

aggregate investment, through the exercise of warrants of series TO 2 received

through the rights issue of units and guarantee commitment, may not exceed SEK

25 million. The guarantee compensation, related to the guarantee commitment of

up to SEK 25 million, is set to 8 percent. The board considers this to be a

market-based compensation, given the current financial market situation, as well

as generally prevailing guarantee compensation levels in the growth company

segment. The guarantee commitment has not been secured through a pre

-transaction, bank guarantee or similar. Jörns Bullmarknad AB is a sister

company to Vildmarksstugor Norrland AB, SpectrumOne's single largest

shareholder.

Updated estimated timeline on the directed issue of units, rights issue of units

and exercise period of associated warrants of series TO 2 and TO 3

As previously communicated, SpectrumOne plans to carry out a rights issue of

units and a directed issue of units (comprising warrants in two different

series) free of payment. Due to the uncertain and volatile market situation

related to the outbreak and spread of COVID-19, the board has decided to update

the planned timeline for the directed and rights issue of units and exercise

period of associated warrants. The final dates are planned to be formally

decided upon and communicated by the board in the middle or end of April 2020.

As earlier communicated, the planned directed issue of units to Formue Nord

Markedsneutral A/S and Formue Nord Fokus A/S can provide SEK 30 million - 40

million at a strike price of SEK 1,50 - 2,00 per share, assuming full exercise

of all warrants in the issue. The planned rights issue of warrants (warrants in

two series and same series as planned directed issue), free of payment, to

existing shareholders, can provide a further SEK 67,9 million - 90,5 million at

a strike price of SEK 1,50 - 2,00 per share, assuming full exercise of all

warrants in the issue. The subscription price of the warrants of series TO 2 and

TO 3 is planned to remain unchanged.

The updated expected timeline is as follows:

· The board has the intention to formally decide on the directed and rights

issue of units in the middle or end of April 2020.

· Subscription period for the rights issue of units is planned to be held in

July 2020.

· Planned first day of trading for warrants of series TO 2 and series TO 3 on

Nasdaq First North Growth Market is expected to take place at the beginning of

September 2020.

· The exercise period for the warrants of series TO 2 is planned to be

November 9-23, 2020.

· The exercise period for the warrants of series TO 3 is planned to be

February 19 to March 5, 2021.

Due to the updated time schedule of the directed and rights issue of units and

planned the exercise period for the warrants of series TO 2 and TO 3 the board

has agreed with the investor Formue Nord A/S to postpone the date of the break

-up fee from June 1 to September 1, 2020. Furthermore, the new break-up fee is

decreased to SEK 2 million, while as a compensation for the delay the SEK 3

million difference of the original break-up fee of SEK 5 million will be added

to the loan amount. The board of SpectrumOne has decided to utilize only SEK 10

million of the initial agreed loan facility of SEK 15 million. It is the board's

assessment that this amount will be sufficient to have the funds necessary to

take SpectrumOne, including the newly acquired Cloud Explorers, to the next

level of development in product-to-market and scalability as well as introducing

our products to new markets.

For further information contact:

Fredric Forsman

Chairman of th Board

+46 73 2978 78 44

fredric@spectrumone.com

Certified Adviser:

Mangold Fondkommission AB (556585-1267)

Box 55 691 102 15 Stockholm

Telefon: +46 8 503 015 50

ca@mangold.se

www.mangold.se

Spectrumone AB (publ) is obligated to publish this information under the EU

Market Abuse Regulation. The information was provided by the above contact

person's auspices, for publication on April  17, 2020 at 08.30 a.m. CET.

About SpectrumOne AB

SpectrumOne is a leading technology company delivering an advanced Data

Management, Analytics & Communications platform suite. Offered in a SaaS online

service shipping with rich market data from various professional providers,

SpectrumOne provides a unique solution to many leading actors across industry

segments in various countries. Enabling clients with fast and easy access to

data insight and visualization coupled with powerful search, segmentation and

mapping features. SpectrumOne allows data to be quickly enabled and

operationalized, driving activities from customer communication to data science

supporting business analysis, strategy, and growth. All of which can be enabled

the same day with immediate results. SpectrumOne´s headquarter is based in

Stockholm, Sweden, responsible for Nordic sales and strategy, with additional

sales and business development located in Oslo, Norway.  SpectrumOne is listed

on Nasdaq First North Growth Market in Stockholm and Merkur Market in Oslo.

www.spectrumone.com