Announcement • Mar 20
Linkfire A/S, Annual General Meeting, May 30, 2024 Linkfire A/S, Annual General Meeting, May 30, 2024. New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.13m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr.32m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (€9.13m market cap, or US$9.94m). Announcement • Dec 22
Linkfire A/S Announces CFO Changes The Board of Directors of Linkfire A/S announced that co-founder and current Chief Commercial Officer, Jeppe Faurfelt, will assume the executive management of the Company as co-founder and CEO, Lars Ettrup and CFO, Tobias Demuth are stepping down and departing the operations of the Company. Tobias Demuth will resign as CFO latest by the end of February. This change is a natural step in Linkfire's journey towards becoming a financially self-sustainable company with a tight focus on cost and a lighter organizational structure whilst still pursuing opportunities for growth. The planned delisting from First North Premier Growth Market, now approved by Nasdaq, furthermore supports a lighter management setup. Jeppe Faurfelt has played a pivotal role in overseeing commercial strategy, operations, and shaping the client-facing organization to drive sustained industry relationships. His leadership has been instrumental in driving overall business growth with a global perspective, drawing upon his extensive experience in the U.S. market. Based in New York from 2016 to 2021, Faurfelt has successfully contributed to the expansion and success of the company. The Board of Directors is confident in Jeppe Faurfelt's ability to guide the company into its next phase after the delisting. 
