The Board of Directors of Iconovo AB (“Iconovo” or the “Company”) has today resolved to carry out a share issue of approximately SEK 36.6 million before deduction of issue costs with preferential rights for existing shareholders (the “Rights Issue”). The subscription price is SEK 1.15 per share. The primary purpose of the Rights Issue is to support out-licensing activities for ICOpre with the aim of achieving separate or combined license agreements, to provide advisory services to Amneal in the development of a budesonide/formoterol product in ICOres, and to further develop the intranasal semaglutide project up to preclinical proof-of-concept. The Rights Issue is conditional upon approval by an extraordinary general meeting in the Company, scheduled to be held on May 12, 2025. The Rights Issue is covered to 100 percent through subscription intentions, subscription commitments, and guarantee commitments. The notice to the extraordinary general meeting will be published through a separate press release. Due to the Rights Issue, the Board of Directors has decided to postpone the annual general meeting to June 9, 2025.

Iconovo AB (publ), a leading player in the development of inhalable drugs, based on proprietary inhalers and dry powder formulations, today announces that the company has received a grant of SEK 670,000 from Innowwide. The grant will be used to conduct a market study with the aim of introducing the company's products and services to the Japanese market. The project will be carried out during the period May to November.

Iconovo AB ("Iconovo" or the "Company") today announces the final outcome of the rights issue of units announced on September 25, 2024 (the "Rights Issue"). The final outcome corresponds to the preliminary outcome that was announced through a press release on November 18, 2024, and shows that 5,038,169 units, corresponding to approximately 95.0 percent of the Rights Issue, were subscribed for with and without the support of unit rights. The Rights Issue was 100 percent covered by subscription intentions, subscription undertakings and guarantee commitments. As a result, 267,956 units, representing approximately 5.0 percent of the Rights Issue, have been subscribed for under the guarantee commitments. Through the Rights Issue, the Company will initially receive approximately SEK 28.7 million before issuance costs. Should all associated warrants series TO 1 (the "Warrants") within the issued units be fully exercised, the Company may receive an additional amount of up to approximately SEK 28.7 million.