Semodu AG: SEMODU AG announces successful completion of capital increase

On December 14, 2022, the Management Board of SEMODU AG ("SEMODU") resolved, with the approval of the Supervisory Board, to implement a capital increase against cash contributions. The share capital of SEMODU was increased by up to 10% through the issuance of new registered no-par value shares (the "New Shares") against cash contributions, excluding shareholders' subscription rights. The gross proceeds from the capital increase amount to € 1.08 million. The net proceeds from the capital increase are to be used to strengthen the equity base and thus for further organic growth of SEMODU.

The New Shares will carry full dividend rights for the fiscal year 2022 as of January 1, 2022.

The offer and sale of the New Shares was made exclusively to an institutional investor in a private placement by way of an accelerated bookbuilding process.

Subsequent to the private placement, SEMODU is subject to a 90-day lock-up, subject to certain customary market exceptions, i.e. an obligation not to issue any further shares or financial instruments convertible into shares or to carry out a further capital increase, among other things.

The capital increase was entered in the commercial register on March 08, 2023. The Company's share capital now amounts to €1,118,000.00.