EQS-Adhoc: Veganz Group AG: Veganz Group AG secures equity financing of Euro 10m to expand its Mililk® production capacities

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Veganz Group AG secures equity financing of Euro 10m to expand its Mililk® production capacities

Ludwigsfelde, Germany, August 5, 2024 - Veganz Group AG (ISIN DE000A3E5ED2 / WKN A3E5ED / stock exchange symbol VEZ) on August 4, 2024 signed a contract as a “Securities Purchase Agreement” for new shares of Veganz Group AG with Global Corporate Finance LLC (GCF) for equity financing and thereby secured funds to scale their production capacities for Mililk®, the innovative milk alternative, as well as the “Peas On Earth” pea protein-based meat alternative.

The contract provides for a flexible, staggered (depending on the trading volume of the Veganz share) use of the financial resources (max. €10m) over a period of 30 months against the issuance of new shares as needed and to a valuation determined through the share price at the time of retrieval.

According to its own information, GCF is a New York-based single-family investment office that has been investing in private equity and listed companies with great growth potential and outstanding unique selling points in the respective market segments since 2012 and supports management in structuring financing. Depending on the type and size of the transaction, GCF invests together with other institutional partners on three different continents.

With this financing, Veganz's main aim is to optimize and automate the production processes, which will enable Veganz to increase the production capacity of Mililk® milk alternatives based on oats and almonds by a factor of 5 to meet increasing demand.

The capital increase subscribed by VeGreat LLC in September 2023 remains unaffected by the new agreement with GCF and will continue to be pushed forward in parallel.

Contact Company:

Veganz Group AG
An den Kiefern 7
14974 Ludwigsfelde
Phone: +49 (0)30 2936378 0
E-mail: [email protected]

Contact Investor Relations:
Massimo Garau (Chief Financial Officer, CFO)
Phone: +49 (0)151 46569362
E-mail: [email protected]

IMPORTANT NOTICE

This publication may not be released, published, distributed, disseminated or transmitted in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Japan, South Africa or any other jurisdiction in which such release, publication, distribution dissemination, or transmission would be unlawful. This publication constitutes neither an offer to sell nor a solicitation to buy shares or other securities of Veganz Group AG. There will be no public offering of shares or other securities of Veganz Group AG. The shares of Veganz Group AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended.