Adhoc announcement pursuant to Art. 53 LR

5 June 2023

VT5 informs about uncertainties in VERAISON Capital’s soft sponsor commitments

The Board of Directors of VT5 Acquisition Company AG (“VT5”) has been informed by its sponsor VERAISON Capital Ltd (“VERAISON Capital”) that there is uncertainty regarding its soft commitments. VERAISON Capital is engaged as sponsor of VT5 through the SICAV Engagement Fund, acting as initiator and sponsor of the Special Purpose Acquisition Company (SPAC) VT5.

The expectations of public shareholders in the sponsor and the sponsor's soft commitments are that the sponsor will not redeem its investor shares at the time of a potential business combination (De-SPAC). Moreover, there was a soft commitment of VT5's sponsor at the time of the fund raising in the Initial Public Offering of 15 December 2021 that an additional CHF 5 million “PIPE” (Private Investment in Public Equity) funding would be made available in case that a De-SPAC transaction requires additional capital.

Given latest information received from VERAISON Capital, both soft commitments became uncertain.

The Board of Directors of VT5 (“BoD”) is in the process of reviewing this new situation. As a consequence, VT5 is obliged to review the status of the currently ongoing negotiations with potential merger companies (De-SPAC) and to put some on hold until the full soft commitments of the sponsor can be re-assured or the situation can otherwise be solved.

The Board of Directors of VT5 is evaluating possible options and will provide further information in a timely manner. The BoD is fully aware of all obligations towards all of its share- and stakeholders and would like to thank all anchor, cornerstone and public shareholders for their continued support

VT5 plans to publish next information at the latest as part of the Half-year 2022/2023 report on 29 June 2023.
 

Reporting Calendar 2023
Half-year 2022/2023 results: 29 June 2023
 

Contact
VT5 Acquisition Company AG
Communications & Investor Relations
Doris Rudischhauser
Phone: +41 79 410 81 88
Email: doris.rudischhauser@vt5.ch
 

About VT5
VT5 is a special purpose acquisition company (SPAC), a vehicle to directly or indirectly acquire one or (if at the same time) more operating companies or businesses in order to take them public and provide dedicated support. VT5 provides a target company with the industry and technical experience of a seasoned team to allow a fast and smooth way to become a public company in Switzerland. VT5 seeks to unlock this investment opportunity for investors by entering into a business combination with a technology and innovation leader backed by scientific research within 24 months of listing. Geographically, VT5 is looking to acquire a business in Central and Northern Europe with a focus on the DACH region and in particular on Switzerland.

The Class A Shares and redeemable Warrants are listed on SIX Swiss Exchange under the symbols of VT5 and VT5W, respectively.

More information about VT5 and its IPO can be found at www.vt5.ch.

Disclaimer
This announcement may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of VT5 ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the Board and management of VT5 and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. VT5 undertakes no obligation, and does not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. VT5 accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.