Saniona announced that Saniona and Formue Nord Fokus A/S (Formue Nord) have agreed to change the terms of the loan agreement of June 30, 2021. The parties have agreed to reduce the loan value by SEK 13 million from SEK 74 million to SEK 61 million through a repayment of SEK 3 million by Saniona and a conversion of SEK 10 million into shares at SEK 8.50 per share equal to a discount of 6.6% to the closing price of August 11, 2023. The maturity date for the remaining outstanding loan value of SEK 61 million has been changedfrom January 31, 2024, to January 31, 2025.

Formue Nord has in this context received a commitment fee of SEK 4.8 million, which also will be converted into shares at SEK 8.50 SEK per share. The total dilution from the new shares is 2.7%. On June 30, 2021, Saniona entered into a loan agreement of SEK 87 million with Formue Nord.

In September 2022, Saniona repaid part of the loan and the parties agreed that the remaining SEK 74 million should be payable in January 2024. The loan value has now been reduced with an additional SEK 13 million from SEK 74 million to SEK 61 million through a repayment of SEK 3 million by Saniona and a conversion of SEK 10 million into shares at SEK 8.50 per share equal to a discount of 6.6% to the closing price of August 11, 2023. Furhermore, the parties have agreed to extend the the term of the loan to January 31, 2025, and that the remaining loan value of SEK 61 million will continue to accrue at 1.5 per cent monthly interest until January 31, 2025.

Formue Nord has also received a commitment fee of SEK 4.8 million, which also will be converted into shares at SEK 8.50 per share. The total dilution from the new shares is 2.7%.