Press release

Learning to Sleep raises new capital

The digital sleep clinic Learning 2 Sleep L2S AB (publ) strengthens raises new capital through a convertible loan, where SEK 2 million is guaranteed from two of the major owners. The loan, which runs for 18 months, can be converted into shares after 12 months at the strike price of 1.60, which corresponds to 200 percent of the current market price.

In connection with the organizational change carried out at the Company, the board has also decided to strengthen financials through a convertible loan aimed at the current owners. The loan runs in 18 months with an interest rate of 8 percent and the option to convert to shares after 12 months at a predetermined rate of SEK 1.60 or alternatively participate in any future issues with a 30 percent discount. The company currently has binding commitments from 2 major owners for a total of SEK 2 million, with the ambition to bring in a few million more.
"We are very happy that some of our major owners believe in the Company," says CEO Micael Gustafsson. The funds we receive through the loan, in combination with the previously announced savings package, means that we now look positively at the future, even if many challenges remain. Now the full focus is on the Swedish market and achieving cash flow neutrality, which right now feels like the right way to go."

About Us

Learning to Sleep is a digital care provider specializing in the treatment of chronic sleep disorders. The treatment is a combination of a structured treatment program in a mobile application and weekly digital meetings with a psychologist. The company's treatment is based on the latest research in the field and is very successful - over 90 percent of the patients treated receive improved sleep. Sweden is the company's main market and the treatment is reimbuserd by public health care.
For more information see www.learningtosleep.co.uk
The company's Certified Adviser is Eminova Fondkomission AB | +468 684 211 10 | adviser@eminova.se

Statements about the future

This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements. Such risks, uncertainties, contingencies and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Nasdaq First North Growth Markets' regulations for issuers.

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