Tonner Drones: Update on the BSA-2025-2

Tonner Drones announced that trading of its 2025-2 warrants will begin on January 26, 2026, following an initial postponement. Previously scheduled for January 16, this listing follows the exercise of 33,671,888 2025-1 warrants, generating 16,835,944 new shares and a similar number of 2025-2 warrants. The company's CEO, Mr. van den Ouden, subscribed for 3,707,494 shares at a price of €0.0290 per share. His stake in the company now stands at 12.5%.

Investors will be able to exercise the 2025-2 warrants from July 1, 2026, and their exercise period will extend until December 29, 2028. With an exercise price of €0.025 per share, holders will need to subscribe to at least 100,000 warrants to exercise them. In total, 16,835,944 2025-2 warrants will be issued, potentially leading to the issuance of 33,671,888 new shares.