Wyld Networks announces final outcome of oversubscribed rights issue, completes the acquisition of OKT Technology and resolves on allotment in non-cash issue

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Wyld Networks AB ("Wyld Networks" or the "Company") hereby announces the final outcome of the rights issue of shares, which was approved by the Extraordinary General Meeting on May 6, 2026 (the "Rights Issue"). The outcome shows that 98,038,008 shares, corresponding to approximately 91 percent of the Rights Issue, have been subscribed for with the support of subscription rights. Additionally, a total of 363,798,622 shares have been subscribed without the support of subscription rights, corresponding to approximately 338 percent of the Rights Issue. The total subscription rate therefore amounts to approximately 429 percent of the Rights Issue. The Rights Issue is thus oversubscribed and Wyld Networks will receive approximately SEK 16.2 million through the Rights Issue, before deduction of issue costs. No underwriting commitments will be utilized.

On May 6, 2026, the extraordinary general meeting of the Company approved the acquisition of all shares in OKT Technology AB ("OKT Technology") for a purchase price of SEK 7.5 million (the "Acquisition"). The extraordinary general meeting resolved that the purchase price would be paid with newly issued shares in Wyld Networks through a non-cash issue (the "Non-Cash Issue"). Wyld Networks has today completed the Acquisition and resolved to allot 50,000,000 shares to the sellers of OKT Technology, who are also the subscribers in the Non-Cash Issue.

Outcome of the Rights Issue

The subscription period in the Rights Issue ended on June 1, 2026. The Rights Issue included 107,759,898 shares, and the outcome shows that 98,038,008 shares were subscribed with the support of subscription rights, corresponding to approximately 91 percent of the Rights Issue. Furthermore, the Company has received applications to subscribe for 363,798,622 shares without the support of subscription rights, corresponding to approximately 338 percent of the Rights Issue. Thus, 461,836,630 shares were subscribed with and without the support of subscription rights, corresponding to approximately 429 percent of the Rights Issue. The Rights Issue is therefore oversubscribed, and no underwriting commitments have been utilized. Through the Rights Issue, the Company will receive approximately SEK 16.2 million before issue costs.

Allotment of shares subscribed for without subscription rights

Allotment of shares subscribed for without subscription rights have been made in accordance with the principles set out in the information document published by the Company on May 13, 2026, in connection with the Rights Issue. Notification of such allocation will be notified separately though a settlement note. Nominee-registered shareholders will receive notification of allotment in accordance with instructions from the respective nominee.

Trading in paid subscribed shares ("BTA")

The last day of trading in BTA is expected to be June 16, 2026. Trading in the new shares subscribed for with and without subscription rights is expected to commence on Nasdaq First North Growth Market on or about June 19, 2026.

The Non-Cash Issue and the Acquisition

The extraordinary general meeting on May 6, 2026, further resolved on the Non-Cash Issue of 50,000,000 shares to the sellers of OKT Technology. For more information about the Acquisition, please refer to the press release published on April 1, 2026. The subscription price in the Non-Cash Issue was set at SEK 0.15 per share, corresponding to the subscription price per share in the Rights Issue. Payment in the Non-Cash Issue has been made through Wyld Networks receiving the contribution in kind consisting of all shares in OKT Technology. The subscription of shares in the Non-Cash Issue has therefore been completed, and the board of directors of Wyld Networks has today resolved to allot 50,000,000 shares to the sellers of OKT Technology. Through this allotment, the Acquisition is completed.

The shares issued within the framework of the Non-Cash Issue will be subject to lock-up undertakings for twelve months from completion of the Acquisition, with customary exceptions.

Shares, share capital and dilution

Through the Rights Issue, the total number of shares in the Company increases by 107,759,898 shares, from 5,986,661 shares to 113,746,559 shares, and the share capital increases by SEK 9,698,390.82, from SEK 538,799.49 to SEK 10,237,190.31. This corresponds to a dilution effect of approximately 94.7 percent of the total number of shares and votes in the Company.

Through the Acquisition, and after registration of the Non-Cash Issue with the Swedish Companies Registration Office, the total number of shares in the Company increases by an additional 50,000,000 shares, from 113,746,559 shares to 163,746,559 shares, and the share capital increases by an additional SEK 4,500,000.00, from SEK 10,237,190.31 to SEK 14,737,190.31. This corresponds to a dilution effect of approximately an additional 30.5 percent of the total number of shares and votes in the Company.

Compensation for underwriting commitments

In connection with the Rights Issue, a number of investors, including existing shareholders and external investors, have provided underwriting commitments.  For the underwriting commitments provided, an underwriting compensation of either 10 percent of the underwritten amount is paid in cash, or 15 percent of the underwritten amount in the form of shares. The Board of Directors considers it favorable for the Company to offer underwriters compensation in the Company's own shares as it has a positive effect on the Company's liquidity. The subscription price for shares issued as underwriting compensation has been set at SEK 0.15 per share, which corresponds to the subscription price in the Rights Issue. The underwriting compensation and subscription price have been determined through negotiations between the Company and the parties that have provided underwriting commitments, in consultation with financial advisors and through analysis of several market factors. The Board, therefore, assesses that the conditions have been determined in such a way that market fairness has been ensured and that they reflect prevailing market conditions. In total, a maximum of 7,380,000 shares may be issued as underwriting compensation to the underwriters. Underwriters who wish to receive underwriting compensation in the form of shares must notify Mangold Fondkommission AB no later than June 10, 2026. The outcome of a possible share issue to the underwriters in the Rights Issue will be announced through a separate press release.

Advisor

Mangold Fondkommission AB is financial advisor to the Company in connection with the Rights Issue.

For further information, please contact:

Kjell Olovsson, CEO Wyld Networks
E-mail: kjell.olovsson@wyldnetworks.com

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market.

Certified Adviser to Wyld Networks is Mangold Fondkommission AB.

Read more on: www.wyldnetworks.com

Important information

 The information in this press release neither contains nor constitutes an offer to acquire, subscribe for or otherwise trade shares, warrants or other securities in Wyld Networks. No action has been taken and no action will be taken to allow an offer to the public in any jurisdiction other than Sweden. This press release is not a prospectus within the meaning of the Prospectus Regulation (EU) 2017/1129 ("Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has prepared and published an information document in the form prescribed in Annex IX to the Prospectus Regulation. This press release neither identifies nor purports to identify risks (direct or indirect) that may be associated with an investment in shares, warrants or other securities in the Company. The information in this press release is only intended to describe the background to the Rights Issue and does not claim to be complete or exhaustive. No assurance shall be given with respect to the accuracy or completeness of the information in this press release. This press release constitutes marketing in accordance with Article 2(k) of the Prospectus Regulation.

The information in this press release may not be published, released or distributed, directly or indirectly, in or to the United States, Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, South Korea or any other jurisdiction where such action would be unlawful, subject to legal restrictions or require other actions than those following from Swedish law. Actions in violation of this instruction may constitute violations of applicable securities laws. No shares, warrants or other securities in Wyld Networks have been registered, and no shares, warrants or other securities will be registered, under the then-applicable United States Securities Act of 1933 (the "Securities Act") or securities legislation in any state or other jurisdiction in the United States, and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States except in accordance with an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with securities legislation in the relevant state or other jurisdiction in the United States.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements

This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or the regulations of the Nasdaq First North Growth Market for issuers.