New Risk • Aug 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr19m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). Revenue is less than US$1m (kr726k revenue, or US$76k). Minor Risk Market cap is less than US$100m (kr193.3m market cap, or US$20.2m). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Board Member Eckhard Cordes was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
Eurobattery Minerals AB announced that it expects to receive SEK 60 million in funding from Loft Capital Limited Eurobattery Minerals AB announced that it has entered into a convertible bond issuance agreement with new investor, Loft Capital Limited to issue 600 convertible bond each with a par value of SEK 100,000 for gross proceeds of SEK 60,000,000 on May 11, 2026. The offering will be structured in four tranches of SEK 15,000,000 each. The first tranche is composed of two sub-tranches: a first sub-tranche of SEK 10,000,000 available at closing, and a second sub-tranche of SEK 5,000,000 available 40 trading days thereafter. The bond will be convertible at a fixed conversion price of SEK 0.35 per share. The bonds will mature in 12 months from the date of subscription of each tranche. The bonds bear no interest rate. The maximum number of shares issuable under the facility shall not exceed 25% of the company’s total issued share capital at any time. In consideration for the facility, the company shall pay to Loft Capital a commitment fee equal to 2.5% of the principal amount of each tranche, in cash by way of set-off against the subscription price of such tranche. The bonds are not listed on any financial market. Simultaneously with the execution of the agreement, the company has submitted a drawdown notice for the first sub-tranche of SEK 10,000,000. Net proceeds to the company, after deduction of the commitment fee and legal fees, amount to SEK 9,150,000. 
