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18 January 2023

FlexQubes future CEO signs 110 000 warrants worth 1.5 MSEK

At FlexQube's extraordinary general meeting on January 12, 2023, it was decided to issue 110,000 warrants for the new CEO linked to an incentive program. The company's future CEO Mårten Frostne has signed up for all warrants in the program to a value of approximately SEK 1.5 million.

- I’m happy that we have the opportunity to offer a program like this to Mårten Frostne and we are very pleased to see that he chooses to participate fully from the start. This creates a strong and aligned incentive for both CEO and owners, with a focus on long-term shareholder value, says Christian Thiel, Chairman of the Board of FlexQube.

The warrants matures in three years and each warrant gives the right to purchase one share corresponding to 130% of the average share price during the period 28 December 2022 – 11 January 2023. The warrants have been issued on market terms at a price of SEK 13.9 per warrant. The subscription adds SEK 1,529,000 to the company.

Mårten Frostne will start as CEO for FlexQube no later than June 2023.

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.

For more information, contact the CFO, Mikael Lindbäck


+46 76 104 10 28

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