SHAPE ROBOTICS A/S

COMPANY ANNOUNCEMENT 8-26

25 March 2026

EUR 14 MILLION DEFAMATION LAWSUIT FILED

AGAINST FINANS.DK AND ITS JOURNALISTS IN ROMANIA

SUMMARY

Shape Robotics A/S ("Shape Robotics" or the "Company") announces that its CEO, Mark Robert Abraham, has filed a defamation lawsuit at the Tribunalul Ilfov (Ilfov Tribunal, Romania) seeking EUR 13,853,000 in damages against JP/Politikens Hus A/S - the publisher of Finans.dk - and four of its journalists. The lawsuit addresses a coordinated media campaign of 17+ defamatory articles published between December 2025 and January 2026, which directly caused the Company's share price to collapse by 87%, the suspension of trading on Nasdaq Copenhagen, and the filing of an illegal bankruptcy petition that was subsequently unanimously annulled by the Danish High Court (Østre Landsret) on 5 March 2026.

The Company is represented by SCPA Pârgaru, Neacșu și Asociații, a leading Romanian law firm. In addition to monetary damages, the lawsuit seeks the removal of all defamatory content, the publication of the court's judgment on the front page of finans.dk for thirty days, and a permanent injunction against future defamatory publications.

BACKGROUND: THE FINANS.DK DEFAMATION CAMPAIGN

Beginning on 16 December 2025, the Danish financial media outlet Finans.dk - owned by JP/Politikens Hus A/S - launched a systematic campaign of defamatory publications targeting Mark Abraham and Shape Robotics. Over a period of weeks, Finans published at least 17 articles that:

●        Presented pending and non-final legal proceedings as established, proven facts - using language equivalent to "convicted" and "proven fraud" when no final court judgment existed;

●        Deliberately mischaracterised a non-final civil judgment as a criminal conviction;

●        Selectively omitted that Mark Abraham was a minority shareholder at SAV Integrated, not the controlling party, while presenting him as solely responsible;

●        Fabricated an artificial link between the entirely unrelated SAV Integrated situation and Shape Robotics; and

●        Continued publishing defamatory content even after the CEO filed emergency injunction proceedings to stop the spread of false information.

Critically, on 15 December 2025 - one day before the first article was published - Mark Abraham directly warned Finans journalist Jesper Høberg that the information they intended to publish was factually incorrect. Høberg acknowledged in writing: "You have some valid points, Mark." Despite this admission, Finans proceeded to publish the following day.

On 16 December 2025, the same journalist messaged the CEO: "the share has dropped +30%" - a remark demonstrating the journalists' full awareness that their publications were directly destroying value. Despite this knowledge, the campaign continued unabated.

The consequences were devastating. Shape Robotics' share price collapsed from DKK 23.56 to a historic low of DKK 1.58 - an 87% destruction of value. Trading was suspended on Nasdaq Copenhagen. Financial partners and institutional investors withdrew.

THE KOMPROMAT: EVERYTHING FINANS PUBLISHED WAS FALSE

The term kompromat - compromising material deployed to destroy a target - precisely describes what Finans did. The allegations published by Finans were not merely misleading or out of context. They were false. The accusations at the heart of the campaign - fraud, forged invoices, misuse of company funds - were fabricated narratives with no basis in any court ruling, whether final or otherwise.

Finans told its readers that Mark Abraham had been "convicted" and "charged with gross fraud." Finans told its readers that he had "forged invoices" and "deceived CEC Bank" through 18 false invoices. Finans told its readers that he had used company funds for private luxury expenses.

None of this was true. None of it was ever established by any court.

Let us be precise about what actually exists in the Romanian judicial record:

●        There is no criminal conviction. The criminal case referenced by Finans has been pending for over five years and remains in the preliminary phase. There has been no trial, no hearing of evidence, and no court judgment of any kind. The presumption of innocence applies in full.

●        There is no finding of fraud. The only court proceeding that has produced a ruling is a civil liability action within insolvency proceedings (case no. 48582/3/2017/a23). That ruling - a first-instance decision that is not final, not enforceable, and currently under appeal - found civil liability on a single, narrow ground: alleged deficiencies in bookkeeping obligations. Nothing more.

●        The civil court explicitly rejected the allegations of forged invoices. The court's judgment contains no finding whatsoever regarding falsified documents, illegal use of factoring contracts, or misuse of company funds for personal purposes. These allegations - the very allegations that formed the core of the Finans narrative - were expressly dismissed as unsubstantiated and lacking evidentiary support (Annex 17 - Judgment in case no. 48582/3/2017/a23).

●        The civil court did not identify any specific accounting misconduct. The judgment does not specify what bookkeeping practices were allegedly non-compliant, how they were attributable to the plaintiff, what form of fault was involved, or what causal link existed between the alleged irregularities and the state of insolvency.

To summarise: the Romanian court that actually examined the case rejected every single accusation that Finans presented to its readers as fact. The fraud - false. The forged invoices - false. The misuse of funds - false. The "conviction" - a deliberate misrepresentation of a non-final civil liability finding on an entirely different legal basis.

This is not journalism. This is kompromat - the deliberate fabrication and deployment of false compromising material to destroy a person's reputation and, in this case, an entire publicly listed company. The Finans journalists had access to the court's actual ruling. They chose to ignore what the court found - and instead published what the court had explicitly rejected.

THE POISONED COURT: HOW FINANS CAUSED THE BANKRUPTCY

The damage inflicted by Finans did not stop at the market. The Company believes that the media-induced panic directly infected the judicial process itself.

On 6 January 2026, the Maritime and Commercial Court (Sø- og Handelsretten) issued a bankruptcy decree against Shape Robotics - despite the fact that the Company had never been lawfully served with the bankruptcy petition. Under both Danish law (the Administration of Justice Act) and EU Regulation 2020/1784 on cross-border service of documents, valid service of process is a fundamental procedural right. It was never complied with.

The Company's position is clear: the atmosphere of crisis, panic, and presumed guilt manufactured by Finans's serial publications created a prejudicial environment that influenced the court's willingness to rush to a bankruptcy decree without ensuring that basic procedural safeguards - including lawful service - had been satisfied. In a climate where every headline screamed "fraud" and "conviction", the court appears to have treated the bankruptcy as a foregone conclusion rather than a matter requiring strict procedural compliance.

The Danish High Court (Østre Landsret) proved this point on 5 March 2026, when three judges unanimously annulled the bankruptcy decree and remanded the case to the Maritime and Commercial Court - precisely because valid service had never occurred. The High Court's decision confirmed what Shape Robotics had argued from the outset: the bankruptcy should never have been issued.

The causal chain is unmistakable: Finans published falsehoods → the market panicked → investors fled → the court was operating in a poisoned environment → a defective bankruptcy decree was issued → the Company was destroyed for 59 days. Without the Finans campaign, there would have been no panic, no collapsed share price, no withdrawal of financing partners, and no climate in which a court could have felt justified in bypassing fundamental procedural rights. The High Court's unanimous annulment is the ultimate proof that the first-instance court got it wrong - and Finans created the conditions for that error.

THE LAWSUIT

The defamation action has been filed at the Tribunalul Ilfov (Ilfov Tribunal), Civil Section, Romania. The parties to the proceedings are as follows:

Plaintiff: Mark Robert Abraham, Romanian citizen, Chief Executive Officer of Shape Robotics A/S

Defendants:

●        JP/Politikens Hus A/S (trading as "FINANS") - Rådhuspladsen 37, 1785 Copenhagen V, Denmark

●        Simon Bentsen - Editor-in-Chief, Finans.dk

●        Jesper Høberg - Journalist, Finans.dk

●        Tobias Hansen Cooper - Journalist, Finans.dk

●        William Springer - Journalist, Finans.dk

The plaintiff is represented by SCPA Pârgaru, Neacșu și Asociații, a Romanian law firm specialising in complex litigation.

Total damages claimed: EUR 13,853,000, comprising EUR 11,853,000 in material damages and EUR 2,000,000 in moral damages. The material damages are broken down as follows:

In addition to monetary compensation, the following non-pecuniary relief is sought:

●        Removal of all defamatory articles from finans.dk and all associated platforms;

●        Publication of the court's judgment on the front page of finans.dk for a period of 30 consecutive days, in both Danish and English; and

●        Permanent injunction prohibiting the defendants from publishing any further defamatory content concerning Mark Abraham or Shape Robotics A/S.

ALLOCATION OF DAMAGES

The CEO wishes to make the following commitment regarding the allocation of any damages recovered in these proceedings:

Material damages (EUR 11,853,000) represent losses suffered directly in connection with the destruction of Shape Robotics - warrants, earn-out, salary, financing, and professional opportunities. These amounts, if recovered, belong in their entirety to the creditors' estate of Shape Robotics A/S. They represent value that was stripped from the Company and its stakeholders by the Finans campaign, and they will be returned to the Company. The CEO will not retain any portion of the material damages for personal use.

Moral damages (EUR 2,000,000) compensate the personal reputational harm, the destruction of dignity, and the suffering inflicted upon the CEO as an individual. After deduction of legal costs and litigation expenses incurred in connection with these proceedings, the net proceeds of any moral damages award will be donated in full to an educational cause - in keeping with the mission that Shape Robotics was built to serve: bringing technology and opportunity to children. The CEO did not enter this fight for personal enrichment. He entered it for justice.

WHY ROMANIA: JURISDICTION AND APPLICABLE LAW

The decision to file in Romania is neither arbitrary nor a matter of forum shopping. It is grounded in the factual and legal reality of this case:

●        Mark Abraham is a Romanian citizen who conducts his primary professional activity from Romania;

●        Shape Romania (formerly StoryKids) - the main revenue-generating entity of the Shape Robotics group - operates from Romania and was directly targeted by the defamatory campaign;

●        The professional activity and business relationships attacked in the articles were conducted in and from Romania;

●        The damage materialised primarily in Romania, where the plaintiff's personal and professional reputation was destroyed;

●        Jurisdiction is established under EU Regulation 1215/2012 (Brussels I bis), Article 7(2) - the court of the place where the harmful event occurred or may occur. Applicable law is determined under the Rome II Regulation (EC) 864/2007, pointing to Romanian law as the law of the country in which the damage was sustained.

The defendants - a Danish media conglomerate and its journalists - must now answer for their actions in the jurisdiction where those actions caused the most harm.

THE BIGGER PICTURE

This lawsuit does not exist in isolation. It is one element of a broader pattern of corporate misconduct that the Company's CEO has been fighting to expose since 2025.

The Carnegie/Lars Topholm pump-and-dump scheme. Mark Abraham discovered and reported a systematic market manipulation scheme involving Carnegie Investment Bank and its analyst Lars Topholm, which resulted in DKK 205 million in losses to Shape Robotics shareholders. A formal market manipulation complaint has been filed with the relevant authorities. The Finans media campaign commenced shortly after this whistleblowing activity - and the Company believes it was retaliatory in nature.

Undisclosed conflict of interest at Finans. The Company has identified that one of the individuals referenced in the market manipulation complaint has a close family member holding an important position at Finans.dk. This relationship was never disclosed to readers, raising serious questions about the editorial independence and motivations behind the defamatory campaign.

Danish Press Council investigation. The Pressenævnet (Danish Press Council) has independently opened its own investigation into Finans.dk's coverage of Mark Abraham and Shape Robotics, further corroborating the Company's position that the articles violated fundamental journalistic ethics and standards.

The bankruptcy that proved the point. As detailed above, the media-manufactured panic led directly to a bankruptcy decree issued without lawful service of process. The Danish High Court's unanimous annulment on 5 March 2026 is not merely a procedural victory - it is proof that the Finans campaign corrupted the normal functioning of institutions. When a court issues a bankruptcy decree against a company that was never even properly notified, something has gone deeply wrong. That "something" is a media campaign that created an illusion of inevitability around Shape Robotics' demise.

Taken together, these facts paint a clear picture: a CEO who blew the whistle on market manipulation was targeted by a retaliatory media campaign, orchestrated or enabled by parties with undisclosed conflicts of interest, which destroyed the Company's share price, poisoned the judicial environment, triggered an illegal bankruptcy, and caused millions in damages - all while the media outlet in question was already under regulatory scrutiny for its conduct.

MESSAGE TO STAKEHOLDERS

To our shareholders, partners, employees, and the children and educators who depend on our technology:

Shape Robotics was built to bring world-class education technology to children across the globe. That mission was nearly destroyed - not by market forces, not by a failure of our products or our team - but by a deliberate media campaign designed to annihilate the Company and its leadership.

On 5 March 2026, the Danish High Court unanimously annulled the bankruptcy. The Company's CEO has been restored to his position. The Company is being renamed to Phase Education A/S to reflect its renewed mission and its emergence from a crisis that should never have occurred.

Today's lawsuit is the next step. We are pursuing justice - not just for the Company, but for every retail investor who lost money because a media outlet chose to publish falsehoods, for every employee whose livelihood was threatened, and for every child whose access to educational technology was jeopardised.

Let there be no ambiguity: this is just the beginning. The EUR 13.85 million claim against Finans.dk is one front in a multi-jurisdictional effort to hold accountable every party that participated in the destruction of Shape Robotics - whether through market manipulation, media persecution, or both. Additional proceedings in Denmark and other jurisdictions are being prepared.

We fight not because it is easy, but because it is right. And we will not stop until justice is served.

FOLLOW THIS CASE LIVE

Mark Abraham publishes daily updates, live streams, and full documentation of the Shape Robotics reconstruction on Wild CEO - The Journey, his Substack publication. All court filings, evidence, and strategic updates are shared in real time with subscribers. To follow the case as it unfolds:

Substack: https://substack.wildceo.live/

The Company has also launched the FundShape campaign to support the reconstruction effort, fund the ongoing legal battles, and ensure Shape Robotics emerges stronger than ever. Every contribution directly fuels the fight for justice and the protection of shareholder value:

FundShape: fundshape.phase.education

INDEX OF ANNEXES

Annex A: Statement of Claim - Romanian Original (PDF)

Annex B: Statement of Claim - Danish Translation, Unofficial (PDF)

All annexes are provided as separate downloadable PDF documents.

Contact Information

Mark Robert Abraham

Chief Executive Officer

Shape Robotics A/S

Email: mark@shaperobotics.com

Phone: +40 749 288 688

This announcement contains information that Shape Robotics A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 17:00 EET on 25 March 2026.