Danish Aerospace Company (DAC) Investor update summary

Capital Raise and Offering Overview

• Fully guaranteed rights issue in April 2026 to raise DKK 24.7 million by issuing up to 8,237,154 new shares at DKK 3.00 per share, with pre-emptive rights for existing shareholders.

• Subscription ratio is 3:4; each existing share grants three rights, and four rights are needed for one new share.

• Rights trading period is March 23–April 8, 2026; subscription period is March 25–April 10, 2026.

• The offering is fully backed by binding commitments from shareholders, board, and external investors.

• Share capital will increase from DKK 1,098,287.20 to DKK 1,922,002.60 upon completion.

Use of Proceeds and Strategic Rationale

• 50% of net proceeds will fund product development to win aerospace and defence contracts.

• 25% will be used to reduce debt and strengthen the capital structure, lowering financial costs.

• 25% will support working capital, addressing long payment terms in the industry.

• Proceeds will also cover transaction costs and fees related to the offering.

• The company may adjust use of proceeds based on changing circumstances.

Strategic Focus and Market Opportunities

• Focus on expanding sales outside the core space sector, targeting defense markets and leveraging dual-use synergies.

• Product applications include motion, health monitoring, and water recycling.

• Ongoing dialogue with European and international space and defense customers.

• Dual-use portfolio significantly increases addressable market.

• Expanding into commercial aerospace and defence markets, leveraging SME status with ESA for better contract terms.