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20 December 2021

Announcement from FlexQube’s extra general meeting

The extra general meeting of FlexQube AB (publ) ("FlexQube" or the "Company") was held today on 20 December 2021 and the following resolutions were passed by the shareholders.

Approval of the board's resolution of a directed share issue

The extra general meeting resolved, in accordance with the board's proposal, to approve the board's resolution of a share issue of a maximum of 800,000 shares with deviation from the shareholders' preferential rights at a subscription price of SEK 70 per share.

The reason for deviating from the shareholders’ pre-emptive rights is to secure financing of the Company’s continued growth in the most time and cost-effective manner, to diversify the shareholder base and that conditions are not deemed to exist for carrying out a rights issue on favorable terms. The board of directors’ assessment is that the subscription price in the share issue accurately reflects current market conditions and demand as it was determined through an accelerated book-building procedure.

Through the issue, the share capital is increased by SEK 80,000, to a total of SEK 1,378,507.81, and the number of shares and votes increases by 800,000 from 7,433,333 shares and votes to 8,233,333 shares and votes. For existing shareholders, the dilution amounts to a total of approximately 9.7 percent of the number of shares and votes in the Company based on the number of shares and votes following completion of the share issue.

For further details regarding the resolutions set out above refer to the notice and the complete proposals available at the Company's website, www.flexqube.com.

For further information, please contact:

Anders Fogelberg, CEO
+46 702 86 06 74

Heidi Bader, CFO
+46 708 24 71 46

About FlexQube

FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 850 customers in 35 countries with primary markets being North America and Europe.

FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. We represent some of the most successful companies in the world with a significant share being represented on the Fortune 500 list. These companies exist within automotive, electric vehicle manufacturing, online retail, heavy-duty trucks, industrial automation and retail logistics.

The share (FLEXQ) is traded on Nasdaq First North Growth Market. FNCA Sweden AB, telephone +46 8-528 00 399, is the Company’s Certified Adviser. Read more at www.flexqube.com.