fox e-mobility AG: further refinancing in the amount of 3.5 million euros
and conversion to registered shares in May 2024

EQS-News: fox e-mobility AG / Key word(s): Financing/Contract
fox e-mobility AG: further refinancing in the amount of 3.5 million euros
and conversion to registered shares in May 2024

02.05.2024 / 18:03 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Further refinancing in the amount of 3.5 million euros and conversion to
registered shares in May 2024

The company continued the necessary refinancing of liabilities that had
already begun with Atlas Special Opportunities for an additional amount of
3.5 million euros.

An essential element of the refinancing is, on the one hand, the protection
of creditors via shares in Fox Automotive Switzerland AG as well as the
instalment payment linked to the tranches of the Yangi Investment and the
option to convert the liabilities into shares via convertible bonds, with 13
warrants being granted as an incentive.

As a result of this refinancing and the payment of EUR100k by the executives
of Yangji Investment Partners LLC, the company's financial situation has
further improved.

The company also announces that the conversion from bearer shares to
registered shares of the company, led by Quirin Bank and then carried out by
Clearstream, should take place in May 2024.


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02.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        fox e-mobility AG
                   Königsallee 61
                   40215 Düsseldorf
                   Germany
   Internet:       www.fox-em.com
   ISIN:           DE000A2NB551
   WKN:            A2NB55
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg
   EQS News ID:    1894631

End of News EQS News Service
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1894631 02.05.2024 CET/CEST