Rush Factory Oyj has completed a directed share issue related to the conditional financing agreement signed on October 28, 2024

Company release

Rush Factory Plc 

April 28, 2025 at 11:20 AM 

On October 28, 2024, Rush Factory Oyj (“Company”) signed a conditional financing agreement with PM Ruukki Oy and Jerovit Advisory Oy (“Investors”) and Niemelän Markka & Ropo Oy, which was amended by an amendment agreement on March 18, 2025 (the “Financing Arrangement”). According to the Financing Arrangement, the Investors will provide the Company with a total of EUR 400,000 in equity financing (the “Investment”). As part of the Financing Arrangement and prior to the completion of the directed share issue, the receivables of the Company’s current creditors Niemelän Markka & Ropo Oy and Markus Niemelä in the amount of EUR 409,180.30 will be converted into new shares in the Company. In the Financing Arrangement, the parties agreed that Rush Factory would arrange a directed share issue, in which the Investors would each receive an ownership and voting share for a total investment of EUR 400,000, which corresponds to 25 percent for each and a total of 50 percent of all Rush Factory shares immediately after the directed share issue to Niemelän Markka & Ropo Oy and Markus Niemelä. Prior to the implementation of the directed share issue, Jerovit Advisory Oy has transferred its receivables and subscription rights to its subsidiary Jerovit Investment Oy. 

The Company has decided on a directed share issue related to the Financing Arrangement, as authorized by the Extraordinary General Meeting held on 16 April 2025. In the Financing Arrangement, the Company has issued 4,167,334 new shares in the Company (the “New Shares”). In accordance with the terms of the financing arrangement, a total of 3,264,066 New Shares were issued to the Investors at a subscription price of EUR 0.123 per share, part of which was paid by offsetting the Investors’ receivables from the Company. A total of 903,268 New Shares were issued to Niemelän Markka & Ropo Oy and Markus Niemelä at a subscription price of EUR 0.453 per share, and the subscriptions were paid in full by offsetting their receivables from the Company. 

As a result of the directed share issue, the number of shares in the Company will increase to 6,528,132 shares. The New Shares will be registered in the Trade Register today, 28 April 2025. 

For more information: 

Mika Metsämäki; CEO

Rush Factory Oyj

mika@rushfactory.fi

+358 44 5544 894 

Approved advisor: Nordic Certified Adviser AB, tel. +46 70 551 67 29

Distribution: 

Nasdaq Helsinki Key

media 

www.rushfactory.fi

Rush Factory Oyj

Rush Factory is an international experience factory that develops and implements unique event and experience concepts. Based in Rauma, Rush Factory's international wellness-focused sports and experience event tours have provided fun and unforgettable experiences to over 400,000 customers since 2015. Rush Factory's growth and business are supported by the Company's business model, which challenges the industry's traditional operating models by solving typical problem areas in event production and implementation, e.g. by reducing the risks and costs of outsourcing, and by being independent of the venue or performer. In addition, the mobile nature of Rush Factory's business and its ability to bring unique event experiences to where customers are, allows it to be independent of market cycles. 

www.rushfactory.fi