Thinc Collective AB: The board of directors has decided on the record date for the reverse stock split

At the Annual General Meeting of Thinc Collective AB (publ) (“Thinc Collective” or the “Company”) on 26 May 2023, a resolution was passed to reverse the merger of shares, whereby ten existing shares shall be merged into one share (merge 1:10). The Board of Directors was authorized by the Annual General Meeting to determine the record date for the reverse merger. The Board of Directors has now decided that the record date for the reverse merger shall be 13 June 2023.

The board's decision means that the last day of trading in Thinc Collective's shares before the merger will be June 9, 2023 and the first day of trading in the shares after the merger will be June 12, 2023. This means that the share price from June 12, 2023 will reflect the effect of the merger. As a result of the merger, the shares in Thinc Collective will have a new ISIN code from June 12, 2023: SE0020358281.

After the share reverse split is completed, the number of shares in the Company will decrease from 163,348,380 to 16,334,838. The proposed reverse split also means that the share's quota value will increase from SEK 0,11 to SEK 1,1.