Today is the first day of the eighth exercise period for Bio-Works Technologies AB's warrants of series TO 2

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, HONG KONG, SWITZERLAND, SINGAPORE, SOUTH KOREA, RUSSIA, BELARUS OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES BEYOND WHAT IS REQUIRED UNDER SWEDISH LAW.

Today, 1 October 2026, is the first day of the eighth exercise period for Bio-Works Technologies AB (“Bio-Works” or the “Company”) warrants of series TO 2 (“TO 2”), which were issued in connection with the Company's rights issue of units in August 2024 (the “Rights Issue”). Holders of TO 2 have the right to subscribe for new shares in Bio-Works at a price of SEK 1 per share during one (1) of the eleven (11) designated exercise periods. The current period for exercise runs between 1 October and 14 October 2026 (the “Exercise Period”).

Information about warrants of series TO 2

In connection with the Rights Issue, 38,979,790 warrants of series TO 2 were issued. Each warrant of series TO 2 entitles the holder to subscribe for one (1) new share in Bio-Works at a subscription price of SEK 1 per share during one (1) of the eleven (11) exercise periods.

Each exercise period takes place during the first ten (10) trading days of each quarter from the first quarter of 2025 up to and including the third quarter of 2027, i.e., on a total of eleven (11) occasions. Each TO 2 can be exercised to subscribe for one new share only and during one of the exercise periods. The eighth exercise period for TO 2 commences today and runs until 14 October 2026.

During the previous exercise periods, a total of 22,454,300 warrants have been exercised, which leaves 16,525,490 warrants outstanding. Upon full exercise of the remaining TO 2, the number of shares in Bio-Works will increase by 16,525,490 shares to a total of 116,939,370 shares and the share capital will increase by SEK 1,652,549.0 to SEK 11,693,937.0. The dilution at full exercise of the remaining warrants amounts to approximately 14.1 percent of the capital and votes.  

An information folder describing the Company and the offer as well as the Rights Issue prospectus from August 2024 are available on Bio-Works's website, www.bio-works.com. The informational folder is attached as an appendix to this press release.

Advisors

In connection with the Exercise Period, Sedermera Corporate Finance AB is the financial advisor (www.sedermera.se), Foyen Advokatfirma i Sverige KB acts as legal advisor (www.foyen.se) and Nordic Issuing AB acts as the issuing agent (www.nordic-issuing.se).

Contact details

For more information about the Company, please visit Bio-Works' website, www.bio-works.com, or contact Arne Hauge, CFO, e-mail: arne.hauge@bio-works.com, telephone: +46 (0) 8 - 502 705 83.

For further information about the warrants of series TO 2, please contact:

Sedermera Corporate Finance AB
Telephone: +46 40 615 14 10
E-mail:  cf@sedermera.se
Website: www.sedermera.se

About Bio-Works

Bio-Works helps the Biotechnology industry to achieve its goals for the purification of biomolecules. We support our customers, from laboratory research to commercial production, and together we implement efficient and robust solutions for Bioprocessing. Our vision is to be a trusted and dynamic partner for a growing and evolving industry.

Bio-Works headquarters, with R&D and manufacturing, is located in Uppsala Business Park, Uppsala, Sweden. We supply our products to a global market, through a combination of direct sales and distributors in Europe, North America and Asia. The Company is certified according to the ISO 9001:2015 quality management system. Bio-Works is listed on Spotlight Stock Market ("BIOWKS"). For further information please visit www.bio-works.com.

This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.

IMPORTANT INFORMATION

This press release does not constitute an offer to acquire, subscribe or otherwise trade in shares, warrants, or other securities in Bio-Works Technologies AB. Investors should not subscribe for or acquire any securities other than on the basis of the information in the prospectus published prior to the start of the exercise period. No action has been taken or will be taken to authorize a public offering in any jurisdiction other than Sweden.

This press release may not be announced, published or distributed, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, the United Kingdom, South Africa, South Korea, Russia, Belarus or in any other jurisdiction where the distribution of this press release would be unlawful. This press release does not constitute an offer to acquire new shares, warrants, or other securities to any person in any jurisdiction in which it would be unlawful to make such an offer to such person or in which such action would require a prospectus, additional registration or other measures other than under Swedish law. The Prospectus and other documents relating to the warrant exercise may not be distributed in or into any country where such distribution or the warrant exercise would require measures set out in the preceding sentence or where they would be contrary to the rules of such country. Any action contrary to this instruction may constitute a violation of applicable securities laws.

No shares, warrants or other securities have been or will be registered under the United States Securities Act of 1933, as amended (the ‘Securities Act’), or the securities laws of any state or other jurisdiction of the United States and may not be offered, subscribed for, exercised, pledged, sold, resold, assigned, delivered or otherwise transferred, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of the relevant state or other jurisdiction of the United States.

This press release may contain certain forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. Words such as ‘intends’, ‘estimates’, ‘anticipates’, ‘may’, ‘plans’, ‘believes’, ‘estimates’ and other expressions that are indicative or predictive of future developments or trends, and that are not based on historical facts, constitute forward-looking statements. By its nature, forward-looking information involves known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees of future performance or development and actual results may differ materially from those expressed in the forward-looking statements. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless required by law or the rules of Spotlight Stock Market.

DISCLOSURE TO INVESTORS PURSUANT TO THE ACT (2023:560) ON THE SCREENING OF FOREIGN DIRECT INVESTMENTS

The Act (2023:560) on the Screening of Foreign Direct Investments ("FDI Act") applies to the Company's operations. In the event that the subscription of shares under warrants would result in an investor, after the investment, directly or indirectly, holding votes representing or exceeding any of the thresholds of 10, 20, 30, 50, 65, or 90 percent of the votes in the Company, the investor is required to notify their investment to the Inspectorate for Strategic Products in accordance with the FDI Act.