SMG Technology Acceleration SE: Delayed publication of financial statements; Negotiations with shareholders on provision of additional liquidity

Luxembourg (pta032/26.04.2024/19:05) - AD-HOC ANNOUNCEMENT

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Delayed publication of financial statements; Negotiations with shareholders on provision of additional liquidity

Luxembourg, 26 April 2024 – SMG Technology Acceleration SE (the "Company", ISIN: LU2699152265, Frankfurt Stock Exchange: 7GG) decided today, following discussions with the Company's auditor, to postpone the publication of the Company's standalone and consolidated financial statements for the fiscal year 2023 until a date yet to be determined after April 30, 2024.

This is due in particular to an increase in the Company's liquidity requirements as a result of the delay of the business combination with BigRep GmbH, which the Company continues to drive forward and now expects to close in the third quarter of 2024. The standalone and consolidated financial statements of the Company can only be audited and adopted when the conditions for accounting on a going-concern basis are met. Therefore, the Company is currently in negotiations with its shareholders for the provision of additional liquidity through shareholder loans.

Contact:

Dr. Stefan Petrikovics
Chief Executive Officer

SMG Technology Acceleration SE

9, rue de Bitbourg
L-1273 Luxembourg
Luxembourg
stefan@smg-holding.com

Important Notice

This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of the Company ("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 management of the Company 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. The Company 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. The Company accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

Additional Information

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