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English NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE. TerraNet Holding AB (“TerraNet” or the “Company”) completed a rights issue of units during the second quarter of 2020. One (1) unit consisted of two (2) newly issued B shares, one (1) warrant of series TO1 B, one (1) warrants of series TO2 B and one (1) warrant of series TO3 B. Each warrant gives the owner the right to subscribe for one (1) new B share in the Company. The exercise price for the warrants of series TO2 B is to be determined to 70 percent of the volume-weighted average price in the Company’s share on Nasdaq First North Premier Growth Market during the measurement period, from February 22, 2021, to March 5, 2021, however not lower than the quota value of the Company’s share and not higher than SEK 0.80. During the measurement period, the volume-weighted average price in the Company’s share was approximately SEK 2.30, therefore, the exercise price for the warrants of series TO2 B is set to SEK 0.80. The subscription period for warrants of series TO2 B runs from March 8, 2021 up to and including March 19, 2021.
About TerraNet TerraNet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, TerraNet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST). Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, [email protected]. Important information The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in TerraNet in any jurisdiction, neither from TerraNet nor anyone else.
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Terranet to Showcase Breakthrough VoxelFlow™ Technology at STARTUP AUTOBAHN The Scandinavian Leaders in Driving Automation Software also Announces Rebrand, Ensuring Safety on Future Roadways. Lund, Sweden, February 9, 2021 - Terranet AB (Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of breakthrough 3D motion awareness technology VoxelFlow™, announced today that it’d be participating in STARTUP AUTOBAHN where it will highlight recent developments to its premier VoxelFlow™ technology. Terranet is also announcing today that it has completed its rebrand, solidifying its commitment to ensuring safety across Autonomous Vehicles (AV) and Advanced Driver Assistance Systems (ADAS), securing its place in Scandinavia's rich history of bringing innovative safety changes to the automobile industry.
Lund, Sweden, January 8, 2020 -Terranet AB(Terranet/the Company), (Nasdaq: TERRNT-B.ST), developers of advanced driver-assist systems and the creators of breakthrough 3D motion awareness technology VoxelFlow