Fragbite Group AB (publ) has taken up loans in the aggregate of SEK 5 million in order to support subsidiaries Lucky Kat and Wagmi ahead of node sales and the public launch of $KOBAN, projects expected to generate significant revenue during the first half of 2025. The lenders are a group of investors, including some of the Company's largest shareholders, who wish to accelerate Fragbite Group's growth. The loans mature on 23 July 2025 and can be converted into shares at the Company's initiative and with the approval of the lenders on two specified occasions.

Fragbite Group has signed agreements for a loan in the aggregate of 5 MSEK which mature on 23 July 2025. The purpose of the loan is to support subsidiaries Lucky Kat and Wagmi in managing their cash flow with release expenses for the upcoming node sales and public launch of the Company's token $KOBAN. These projects are expected to generate significant revenues for the Group in the first half of 2025.