Heliospectra AB (publ) announces the results of the rights issue

The subscription period for therights issue in Heliospectra AB (publ) was completed on November 19, 2020 and theoutcome of the rights issue shows that the rights issue was subscribed byapproximately 124 percent. The rights issue, which was covered by subscriptionand guarantee commitments corresponding to 100 percent, was subscribed byapproximately 91,6 percent with the support of unit rights and approximately 32,6percent without the support of unit rights. The issue guarantee has thereforenot been used. The rights issue provides the Company with approximately SEK50,6 million, before issue costs.

Allotment of units subscribed forwithout unit rights has been granted in accordance with the principles set outin the prospectus drawn up in connection with the rights issue and published onNovember 3, 2020. Notice of allotment of units subscribed for without unitrights will be sent within short to those who have been allotted units. The unitsmust be paid for in accordance with the settlement note. Investors withcustodian accounts will receive notification of allotment in accordance witheach account holding banks routines.

After the rights issue, the sharecapital amounts to SEK 7 724 546,5 divided into a total of 77 245 465shares.

Trading in paid subscribed units(HELIO BTU) takes place on Nasdaq First North until the Swedish CompaniesRegistration Office (‘Bolagsverket’) has registered the new issue. Thisregistration is expected to take place around week 50, 2020.

"The subscription level over 124% demonstrates high confidence in Heliospectra’s offer which is aligned with significant interest in the horticulture market for our solutions. The capital provided allows Heliospectra to accelerate our growth through product development of our MITRA and helioCORE™ light control platforms and enables our expansion in Europe. I would like to thank our share owners for their steadfast support and interest. It is great to see the continuous support and trust in helispectra,” said Ali Ahmadian, CEO Heliospectra AB.

Financialand legal advisors

Västra Hamnen Corporate Finance AB is afinancial advisor and MAQS Advokatbyrå is legal advisor to Heliospectra inconnection with the rights issue.

Forfurther information, please contact:

Ali Ahmadian, CEO of Heliospectra

+46 (0)72 203 6344


The information wassubmitted for publication, through the agency of the contact person set outabove, at 08:55 CEST on 24 november, 2020.

AboutHeliospectra AB (publ)

HeliospectraAB (publ) (OTCQB: HLS, FIRST NORTH:HELIO) is the global leader in intelligent lighting technology, light controlsystems and related services for greenhouse and controlled plant growthenvironments. With the vision to make commercial crop production more connectedand resource-efficient, Heliospectra integrates customized LED spectralstrategies with real-time response and artificial intelligence to createpredictable and reliable business forecasts and harvest results. Founded in2006, Heliospectra is committed to helping growers and commercial producersacross six continents consistently increase yields and produce crops withquality appearance, superior nutritional or medicinal value and longer shelflife, harvest after harvest. Heliospectra is the recipient of multipleinternational awards and recognitions. For more information, please visit https://www.heliospectra.com.

Redeye isHeliospectra's Certified Adviser on Nasdaq First North Growth Market
Certifiedadviser@redeye.se | +46 (0) 8 121 576 90

Important information

The information in this press release does notcontain or constitute an offer to acquire, subscribe or otherwise trade inshares or other securities in Heliospectra. No action has been taken andmeasures will not be taken to permit a public offering in any jurisdictionsother than Sweden. Any invitation to the persons concerned to subscribe forshares in Heliospectra will only be made through the prospectus thatHeliospectra published November 3, 2020.

The information in this press release may notbe released, distributed or published, directly or indirectly, in or into theUnited States, Australia, Canada, Japan or any other jurisdiction in which suchaction would be unlawful or would require registration or any other measuresthan those required by Swedish law. Actions in violation of these restrictionsmay constitute a violation of applicable securities laws. No shares or othersecurities in Heliospectra have been registered, and no shares or other securitieswill be registered, under the United States Securities Act of 1933, as amended(the “Securities Act”) or the securities legislation of any state or otherjurisdiction in the United States and no shares or other securities may beoffered, sold or otherwise transferred, directly or indirectly, in or into theUnited States, except under an available exemption from, or in a transactionnot subject to, the registration requirements under the Securities Act and incompliance with the securities legislation in the relevant state or any otherjurisdiction of the United States.

Within the European Economic Area (“EEA”), nopublic offering of Securities is made in other countries than Sweden. In othermember states of the EU, such an offering of Securities may only be made inaccordance with the Prospectus Regulation (EU) 2017/1129 (the “ProspectusRegulation”). In other member states of the EEA which have implemented theProspectus Regulation in its national legislation, any offer of Securities mayonly be made in accordance with an applicable exemption in the ProspectusRegulation and/or in accordance with an applicable exemption under a relevantnational implementation measure. In other member states of the EEA which havenot implemented the Prospectus Regulation in its national legislation, anyoffer of Securities may only be made in accordance with an applicable exemptionunder national law.

This communication is only being distributed toand is only directed at persons in the United Kingdom that are (i) investmentprofessionals falling within Article 19(5) of the Financial Services andMarkets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or(ii) high net worth entities, and other persons to whom this announcement maylawfully be communicated, falling within Article 49(2)(a) to (d) of the Order(all such persons together being referred to as “Relevant Persons”). Thiscommunication must not be acted on or relied on by persons who are not RelevantPersons. Any investment or investment activity to which this communicationrelates is available only to Relevant Persons and will be engaged in only withRelevant Persons. Persons distributing this communication must satisfythemselves that it is lawful to do so.

This press release may contain forward-lookingstatements which reflect the Company’s current view on future events andfinancial and operational development. Words such as “intend”, “expect”,“anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions whichimply indications or predictions of future development or trends, and which arenot based on historical facts, are intended to identify forward-lookingstatements. Forward-looking statements inherently involve both known andunknown risks and uncertainties as they depend on future events andcircumstances. Forward-looking statements do not guarantee future results ordevelopment and the actual outcome could differ materially from theforward-looking statements.

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