MotorK Announces €4.8M Reserved Capital Increase

14 Mar 2025 19:56 CET

Regulatory News:

MotorK PLC (AMS: MTRK) ("MotorK", the "Group" or the "Company"), a leading SaaS provider to the automotive retail industry in the EMEA region, today announced a reserved capital increase of €4.8 million.

Major strategic investors, including 83 North and Lucerne Capital Management, participated in this round, reaffirming their commitment to the Group’s strategy and long-term vision. This capital injection is aimed at strengthening the Group’s financial position, supporting MotorK’s commitment to reach a Cash EBITDA positive position by the end of FY25.

The reserved capital increase, based on a price per share of €3.00, results in the issue of 1,614,333 new ordinary shares. In addition, these newly-issued shares will be subject to a 12-month lock-up period, underlining the investors' long-term vision and dedication to the Group's success.

Amir Rosentuler, Executive Chairman of MotorK said: “Our long-term investors’ continued support is a strong signal that we are on the right track towards our profitability and growth targets. We are grateful for the trust placed in us, and we remain focused on delivering value while staying true to our objectives”.

About the Investors

83North Ltd: 83North is a global venture capital firm with over $2.2B under management. The fund invests across all stages in exceptional entrepreneurs focused on building global category leading companies.

Lucerne Capital Management LP: Lucerne is an investment firm specializing in fundamental, bottom-up stock selection with a focus on European markets. The firm manages approximately $500 million in assets. Lucerne's expertise is a combination of four decades of experience in European equity research and a repeatable private equity investment style with tactical trading around value dislocations.

Next Publication

MotorK will now publish its Annual Report on 11 April 2025, instead of 4 April 2025, as originally stated in the Financial Calendar published in December on the Company’s website.

Forward-looking information and disclaimer
This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, may be deemed to be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “anticipates”, “estimates”, “projects”, “will”, “may”, “would”, “could” or “should”, or words or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are based on our current expectations, projections and key assumptions about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MotorK’s ability to control or estimate precisely, such as future market conditions, the behavior of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise.

Important information
This press release contains information within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014).

ABOUT MOTORK PLC

MotorK (AMS: MTRK) is a leading software as a service (“SaaS”) provider for the automotive retail industry in the EMEA region, with approximately 400 employees and ten offices in seven countries (Italy, Spain, France, Germany, Belgium, the UK, and Israel). MotorK empowers car manufacturers and dealers to improve their customer experience through a broad suite of fully integrated digital products and services. MotorK provides its customers with an innovative combination of digital solutions, SaaS cloud products and the largest R&D department in the automotive digital sales and marketing industry in Europe. MotorK is a company registered in England and Wales. Registered office: 5th Floor One New Change, London, England, EC4M 9AF - Company Registration: 9259000. For more information: www.motork.io or investors.motork.io.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250314381019/en/

FOR FURTHER INFORMATION
MotorK Investor Relations
Boaz Zilberman
boaz.zilberman@motork.io
+972 532 819 810