Tue, Apr 14, 2026 16:33 CET

Company announcement no. 06-26
Copenhagen, 14 April 2026

An extraordinary general meeting in Shape Robotics A/S (the “Company”) was held today, 14 April 2026, electronically via webcast.

At the extraordinary general meeting, the shareholders adopted the proposed resolutions under agenda items 1–5 and 7–12.

Accordingly, the extraordinary general meeting resolved to amend Section 10.1 of the Articles of Association so that the Board of Directors shall consist of 3 to 8 members elected by the general meeting, and, following adoption thereof, to elect or reelect, as applicable, Mr. Aurel Nețin, Mr. Kim Okkola and Mr. Alexandru Ambrozie as members of the Board of Directors for a one-year term, in accordance with the Compay’s Articles of Association.

Following the resolutions adopted at the extraordinary general meeting, the Board of Directors consists of Mr. Aurel Nețin, Mr. Kim Okkola and Mr. Alexandru Ambrozie. Immediately after the extraordinary general meeting, the Board of Directors held its inaugural meeting where Mr. Aurel Nețin was elected Chairman.

The extraordinary general meeting further adopted the proposal to increase and update the authorization in Section 4.2 of the Articles of Association. Following the amendment, the Board of Directors is authorized, until 1 April 2029, on one or more occasions, to increase the share capital by up to nominally DKK 10,000,000 without pre-emptive rights for the existing shareholders. The authorization may be used for capital increases against contribution in cash, by conversion of debt or as consideration for acquisitions.

In addition, the extraordinary general meeting adopted the proposals to:

(i) change the Company’s registered office from Herlev Municipality to Københavns Kommune;

(ii) replace Section 10.7 of the Articles of Association with new wording on quorum and electronic participation in Board meetings;

(iii) change the Company’s name from “Shape Robotics A/S” to “Phase Education A/S”; and

(iv) amend the Articles of Association to redefine the Company’s purpose as an investment holding company.

The extraordinary general meeting also adopted the proposals to authorize the Board of Directors to pursue claims against former members of the Board of Directors in connection with the Company’s Nasdaq Main Market uplisting and the resulting EIFO loan default, to authorize the Board of Directors to pursue claims against Carnegie Investment Bank A/S and its responsible officers, to grant the Board of Directors a general litigation mandate, and to grant the Board of Directors and the CEO a full restructuring, asset revaluation and recovery mandate.

No resolution was adopted under agenda item 6 regarding election of auditor for the financial year 2025/2026, as no auditor candidate had been secured in a form allowing election at the meeting.

The amendments to the Articles of Association adopted under agenda items 1, 3, 4, 5, 7 and 8 will take effect upon registration with the Danish Business Authority.

Additional information
Aurel Nețin, Chairman
Email: ir@shaperobotics.com
CVR no. 38322656

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Previous episodes: Day 36: The Door Is Open | Day 35: “This Is Not Negligence” | Day 34: The Regulator Agrees | There Is No “Mild” Version of This | The Man Who Knew the Rules

Day 37 since the Danish High Court unanimously annulled the bankruptcy of Shape Robotics.

Trading is still suspended.

4,800 shareholders still cannot sell. Still cannot buy. Still cannot do anything with shares they own in a company that is alive, operational, and fighting.

Today I am publishing the full Nasdaq response because I am done asking politely. You, the shareholders, deserve to see exactly what is happening behind the curtain. Every word. Every question they asked. Every answer I gave. And the one question they refuse to answer.

What arrived at 10:21 this morning

At 10:21 Copenhagen time, Nasdaq Surveillance sent me a 14-page letter titled:

“Nasdaq investigation of non-compliance with and potential breaches of Nasdaq rules — Request for an explanation”

Eighteen questions. Fourteen pages. Addressed to the CEO and to Aurel Nețin.

Unsigned. No physical or electronic signature. Marked “Nasdaq — Internal Use: Distribution limited to Nasdaq personnel and authorized third parties subject to confidentiality obligations.” Sent by plain email, with no authentication, no certification, no legal stamp.

This is what a regulated European exchange considers formal regulatory correspondence with a listed issuer. An unsigned internal memo, telling us not to share it with anyone.

I responded with 47 pages. Signed. Referenced. Cited. Every annex attached. Copied to Finanstilsynet.

And then I published this.

Nasdaq asked about 27 hours. They forgot about 59 days.

This is the table I put in my response to Nasdaq. I wanted them to see it in black and white. Now I want you to see it too.

The Company was informed of the auditor’s resignation at 13:07 on 18 December 2025. The CEO responded within 19 minutes. The disclosure was published the following business day at 15:54.

Twenty-seven hours. That is what Nasdaq considers a problem.

The trustee — Teis Gullitz-Wormslev of Kromann Reumert, Denmark’s largest law firm — had sole control of Shape Robotics for 59 days. Full access to every system. Every bank account. Cision. VP Securities. Digital Post. Everything.

In fifty-nine days, the trustee published zero company announcements.

During those fifty-nine days: the Finnish subsidiary Sanako Oy was pushed into bankruptcy — EUR 9 million destroyed. Company funds were redirected to Kromann Reumert’s own client account — DKK 568,700. The Extraordinary General Meeting was cancelled — blocking a EUR 15 million equity facility. DKK 3.7 million was deposited in a Nordea escrow account registered in Kromann Reumert’s name — six days after the mandate was annulled by the High Court.

4,800 shareholders were told nothing. For fifty-nine days.

Nasdaq knew. Nasdaq watched. Nasdaq did not send the trustee a single letter. Not one question. Not one phone call. Not one unsigned internal memo.

I took 27 hours to assess an auditor’s unilateral resignation, prepare a MAR-compliant announcement, and publish it through Cision — all while operating with a collapsing board and no prior warning. They wrote me 14 pages about it. The trustee published nothing for 1,416 hours. They wrote him zero.

The 18 questions — translated for people who don’t read EU regulations for fun

Nasdaq’s letter is technically dense. It cites Rule 3.1.1, MAR Article 17, Supplement A Part C Rule 13, Rule 2.15.3(b), Rule 3.5.2, Rule 3.2.1, Rule 3.11.1, and Rule 4.2.1. It references ESMA standards, OAM submissions, and categorization requirements.

Let me translate what they actually asked and what I actually answered. Because you should not need a securities law degree to understand what is being done to your investment.

“When did you know there was going-concern risk?”

Nasdaq’s framing implies that we hid financial distress. Here is the truth.

The financial difficulty began when EIFO pulled the credit guarantees in June 2024 — after the former board’s negligent uplisting decision. The same uplisting that the DFSA has now indirectly confirmed was tainted by market abuse. The board that made that decision has resigned. I filed negligence claims against all of them. But Nasdaq didn’t ask the board. Nasdaq asked me.

And the Company had DKK 302 million in revenue in 2024. This was not a startup burning cash. This was a company with a structural liquidity problem caused by the actions of people Nasdaq has never questioned.

“Why did you take 27 hours to disclose the auditor’s resignation?”

Because that is how responsible disclosure works.

The auditor — PwC — resigned without warning at 13:07 on a Thursday afternoon. No prior discussion. No phone call. Just an email. By Friday afternoon — one business day later — the announcement was published on Cision, properly categorized under MAR, and paid for from my personal bank account because the company had no money.

Nasdaq’s letter helpfully includes my email response from 19 minutes after receipt:

“Can u please give us a break? Why you want to charge even more on us. Trust last time I have checked — trust is a subjective quality. At least have the decency to make a call with us”

Yes, I wrote that. I was running a company whose board had collapsed, whose chairman had just resigned, and whose auditor decided to email a resignation with no warning and no discussion. Nineteen minutes later, I responded in frustration. Twenty-seven hours later, I published a compliant announcement. That is what Nasdaq considers non-compliance.

“Why did you take 24 hours to disclose the IRIS LOI?”

Because on 11 March 2026 — six days after being reinstated by the High Court — I had: no access to Cision, no access to any company bank account, no support staff, no IR department, no communications team, no company email, no company stationery, and no access to any company system. Everything was held by the trustee who refused to return it.

The Cision announcement had to be purchased from my personal funds, drafted personally, formatted to MAR requirements personally, and submitted through a system I had to re-register for from scratch.

The LOI was disclosed within 24 hours. This was as soon as physically possible.

Nasdaq noted that the document I sent to Surveillance was “a draft version with non-removed track-changes and has not been signed by any party.” Of course it was. I had no access to a printer, a scanner, or company stationery. The former trustee had all of it. I was working from a personal laptop, with a personal email address, paying for announcements from a personal bank account.

Under these circumstances, the fact that the document had track-changes is not evidence of non-compliance. It is evidence of the extraordinary conditions under which the only person fighting for this company was operating.

“How many bankruptcy petitions are filed against you?”

I don’t know. And Nasdaq knows I don’t know. And Nasdaq knows why I don’t know.

No petition has been lawfully served on the Company since the annulment. The High Court annulled the original bankruptcy precisely because of defective service. The Company’s Digital Post access — which is how Danish courts communicate — is held by the former trustee who refuses to return it. I filed a criminal complaint about this (ref. 0100-83986-10362-26). I contacted the Maritime and Commercial High Court directly. I requested service under EU Regulation 2020/1784.

And here is the part that should make you pause: Nasdaq confirmed on 13 March 2026 that it was in direct contact with the Maritime and Commercial High Court. Nasdaq confirmed that petitions exist. Nasdaq had this information. The Company did not. And then Nasdaq criticized the Company for not disclosing information that only Nasdaq possessed.

I cannot disclose what I do not have. If Nasdaq wants the market to be informed, Nasdaq is free to share the information with me so that I can assess my disclosure obligations. Or Nasdaq can publish it itself. What Nasdaq cannot do is withhold the information, criticize me for not disclosing it, and then use my non-disclosure as justification for continued suspension.

The Finanstilsynet reprimand — the fact Nasdaq’s letter did not mention

Three days before Nasdaq sent me this letter, the Danish Financial Supervisory Authority published a formal reprimand confirming that the starting point of this entire chain of events — the analyst recommendation that pumped the stock, triggered the capital raise, and set up the collapse — was a violation of EU market abuse law.

Article 20(1) of the Market Abuse Regulation. Formal finding. Published on finanstilsynet.dk. Company Announcement No. 10-26 issued the same day.

The Danish regulator confirmed, in writing, that Shape Robotics was the victim of market abuse.

Nasdaq’s 14-page letter, dated three days later, does not mention it. Not once. Not in a footnote. Not in a passing reference. Not anywhere.

The regulator of the Danish capital markets has officially confirmed that the company Nasdaq is investigating was the victim of a crime committed by a third party. And Nasdaq’s investigation proceeds as if this did not happen.

Three periods — three leaderships — and Nasdaq conflates them all

Nasdaq’s letter covers events from October 2025 to April 2026 as if one continuous management were responsible. I put this in the response because the conflation is either ignorant or deliberate, and neither is acceptable from a regulated exchange.

Before 6 January 2026. The former Board of Directors — Frandsen, Rootzen, Lindgreen, Holst Hansen, Ikov — plus CEO Mark Abraham. All five board members resigned by November 2025. All disclosure decisions in this period were made by or with the former board. All five are now subject to a formal negligence claim (SR-NEG-2026-BOD).

6 January – 5 March 2026. Fifty-nine days. Trustee Teis Gullitz-Wormslev, Kromann Reumert. The Company under sole control of the trustee. Management had zero access to systems, bank accounts, Cision, VP Securities, email, financial records, or any company infrastructure. The trustee published zero company announcements. Nasdaq asked the trustee zero questions.

After 5 March 2026. CEO Mark Abraham reinstated by Østre Landsret, plus Aurel Nețin. Operating without any company records, systems, credentials, or infrastructure — all retained by the former trustee despite formal demands and criminal complaint.

The current management cannot answer for what happened during the 59-day bankruptcy. The trustee can. Nasdaq has not asked the trustee a single question. The current management has limited ability to answer for what happened before the bankruptcy. The former board can. They have all resigned and are the subject of a formal negligence claim.

Rule 4.2.1 does not say what Nasdaq claims it says

Nasdaq writes: “As a standard procedure according to rule 4.2.1 in Nasdaq’s rules, Nasdaq suspends trading in the event of a bankruptcy petition is filed.”

Here is the actual text of Rule 4.2.1:

“The Exchange may suspend an Issuer’s Shares from trading if the Issuer no longer complies with the Rulebook or if orderly trading in the Issuer’s Shares cannot be guaranteed.”

That is the entire rule. There are no sub-rules. No guidance text. No cross-references. And no mention of bankruptcy, bankruptcy petitions, insolvency, or any other specific triggering event. The rule provides only two discretionary bases: non-compliance with the Rulebook, or the inability to guarantee orderly trading. The word “may” grants discretion — it does not impose an obligation.

Nasdaq attributes language to the rule that does not exist in it. And then uses that invented language to justify a suspension that has lasted 37 days since the bankruptcy was annulled.

Under Kapitalmarkedsloven §78(1) — the Danish Capital Markets Act — and MiFID II Article 52(1), a suspension must not be carried out if it would cause significant damage to investors’ interests. With 4,800 shareholders locked out, a EUR 15 million facility blocked, and the company’s recovery actively impeded — that threshold is not theoretical. It is being crossed every day.

The circular prison — and why it matters to every small investor

I want to explain this because it is the most absurd part of the entire situation and nobody is talking about it.

Nasdaq suspends trading because of “bankruptcy petitions being processed.” These petitions have not been lawfully served on the Company. I don’t know who filed them, for what amounts, or on what basis. I have asked the court for proper service. I have asked Nasdaq — who confirmed they checked the court registry — to share the information. Nobody will give it to me.

But it gets worse.

To lift the suspension, I need to demonstrate that the company is operational, compliant, and financially viable. That requires capital. Capital requires investors. Investors require liquidity — meaning their shares need to be tradeable. Trading requires Nasdaq to lift the suspension.

Do you see the circle?

I cannot get capital because trading is suspended. Trading is suspended because I supposedly don’t have capital. And Nasdaq will not tell me what I actually need to do to break the circle.

Meanwhile, since 5 March 2026, I have: published 10 Company Announcements — all paid from my personal funds. Filed a D&O negligence claim. Secured a EUR 15 million binding letter of intent from IRIS Capital. Responded to every single Nasdaq inquiry within days. Filed criminal complaints against the trustee. Obtained a formal DFSA reprimand confirming market abuse. Scheduled an EGM for 14 April — new board, new auditor, 100 million shares authorized, rebranding confirmed.

The trustee, during 59 days of sole control, did none of this. Published nothing. Disclosed nothing. Returned nothing. And is the subject of zero Nasdaq questions.

The one question they won’t answer

Here is the part I put in red boxes at the top and bottom of my 47-page response. Here is the question I have asked every single day for 37 days.

WHAT ARE THE CONDITIONS FOR LIFTING THE TRADING SUSPENSION?

What do we need to do? What boxes do we need to check? What documents do we need to file? What approvals do we need to obtain? What threshold do we need to meet?

Tell us. Write it down. Send it to us. And we will do it.

We have asked this question since 5 March. In writing. In formal escalation letters. Through the Finanstilsynet complaint (ref. 25-026876). In every single communication with Surveillance.

The answer, every single time: silence.

If Nasdaq cannot state the conditions for resumption, then there are no conditions. And if there are no conditions, the suspension is arbitrary. And if the suspension is arbitrary, it is unlawful under Section 78(1) of the Danish Capital Markets Act.

I gave them until 23 April 2026. The Company demands: a written statement of the specific legal basis, a written list of conditions, a timeline for assessment, and a public market notice explaining the current basis to 4,800 shareholders.

What I told Nasdaq today — and what I asked them back

The full 47-page response answers all 18 questions. Every single one. In full. Transparently. With context, dates, evidence, and citations. The response also poses 8 counter-questions that Nasdaq has never addressed:

CQ-1. Why did Surveillance not demand any disclosure from the trustee during the 59-day bankruptcy?

CQ-2. Has Surveillance investigated whether the trustee’s 59-day silence breached MAR Article 17?

CQ-3. Why does the 14-page letter not mention the Finanstilsynet reprimand of 7 April — published three days before the letter?

CQ-4. On what legal basis does Surveillance monitor court registries and present that information as a basis for suspension, without serving the Company with the actual petitions?

CQ-5. Why did Surveillance classify the suspension as “Technical or Administrative” in the ESMA notification, but justify it as bankruptcy-based to the Company?

CQ-6. How many questions has Surveillance asked the former trustee about his disclosure practices during the 59-day bankruptcy?

CQ-7. Does Surveillance consider it proportionate to maintain a 37-day suspension against a confirmed victim of market abuse while sending that victim a 14-page questionnaire about one-day disclosure delays?

CQ-8. Is Surveillance aware that the continued suspension is actively preventing the Company from executing an institutional financing transaction that would protect 4,800 shareholders?

For the 4,800

I know some of you are reading this and feeling hopeless. You bought shares in a company that was supposed to build educational robots and expand into global markets. Instead, you got market abuse, a bankruptcy that should never have existed, a trustee who published nothing, a stock exchange that asks the victim 18 questions and the perpetrator zero, and a CEO writing 47-page responses from a personal laptop in Bucharest.

I understand the frustration. I share it.

But I want you to understand something: every single thing I have claimed has turned out to be true.

I said the bankruptcy was illegal. The High Court agreed — unanimously. I said there was market abuse. The regulator agreed — formally. I said the trustee violated MAR. The criminal complaint is open. I said the former board was negligent. The D&O claim is filed. I said Nasdaq’s suspension was unjustified. The DFSA has my complaint.

The EGM is Monday. New board. New auditor. 100 million shares authorized. Phase Education A/S.

We are four days away from a fully compliant, fully governed, fully operational listed company.

And all I am asking Nasdaq is one simple question: what do you need from us to let our shareholders trade?

Ask the AI

Have questions about any of this? The WildCEO AI agent has been trained on the full case archive — company announcements, court filings, Substack episodes, financial documents, the Nasdaq correspondence. Ask it anything.

The documents

The full 47-page response is available below

• Shape Robotics response to Nasdaq, 10 April 2026 — 47 pages, signed, copied to Finanstilsynet

• Nasdaq Surveillance letter, 10 April 2026 — 14 pages, unsigned, marked “Internal Use”

• Finanstilsynet reprimand, 7 April 2026 — finanstilsynet.dk

• Company Announcement No. 10-26 — Cision

• EGM Agenda — 14 April 2026 — phase.education/egm

• WildCEO AI Agent — wildceo.live

• Previous episodes — substack.wildceo.live

GAME OVER | Day 37 — Subscribe at substack.wildceo.live for real-time updates as this case unfolds.

Shape Robotics A/S | CVR DK38322656 | Nasdaq: SHAPE | ISIN: DK0061273125

Mark-Robert Abraham, CEO — Vesterbrogade 74, 1620 Copenhagen V, Denmark

If you’ve been here from the start — welcome back. This was a week no one on the other side will forget anytime soon.

This is the Sunday Recap. Every move, every filing, every front — in one place, with direct links to each episode. Every value I claim, I have a receipt for.

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The Scoreboard

Eight days. Eight fronts. Here is what landed:

Criminal complaints filed: 2 (Romania + Denmark)

Civil lawsuit launched: EUR 13,853,000 against Finans.dk and JP/Politikens Hus

Formal objection to Nasdaq Copenhagen: 29 pages, 15 annexes

Official company announcements via Cision: 2

Settlement offer sent to EIFO — expires Good Friday

Evidence published: Point Communication email chain, Kromann Reumert documents

First FundShape loan: EUR 5,000 — confirmed and signed

First EGM vote registered. Green on all items.

They had more lawyers. More money. More institutional cover. I had the truth. The scoreboard speaks for itself.

Episodes of the Week — Read in Order

Each episode below is a standalone piece. Click the title to read the full story.

Friday, March 21 — The Man Who Knew the Rules And Chose to Break Them

The investigation that started it all. A Carnegie analyst who attended confidential board meetings, a network that sold 532,000 shares worth DKK 21 million, and a 90-minute recorded breakfast at Villa Copenhagen where he said: I consider myself an insider. This piece lays out the entire timeline — from April 2024 to the present.

Saturday, March 22 — The First €5,000 Just Landed. The Portal Is Live.

The FundShape bridge loan portal went live. Within hours, the first EUR 5,000 loan was confirmed and signed. Triple collateral. Full documentation. This is how a community funds a fight — transparently, with receipts.

Saturday, March 22 — Support Shape Is Live.

The full breakdown of what the FundShape bridge loan means, what you get, and why it matters. EUR 500K target. 3% quarterly. Every euro documented.

Sunday, March 23 — Day 18: Hold the Line

The system pushes back. Silence from Kromann Reumert. Silence from Nasdaq. Silence from the former trustee holding DKK 3,722,813.18 in unauthorized escrow. We held the line. The evidence held harder.

Monday, March 24 — Day 19: Fight Back

The counterattack begins. Official company announcements via Cision. The market was notified. Shape Robotics is alive, operational, and fighting.

Tuesday, March 25 — Day 20: The EUR 14 Million Missile

I filed a EUR 13,853,000 civil lawsuit against Finans.dk and JP/Politikens Hus at Tribunalul Ilfov. Sixteen articles. Zero prior coverage. Source: sealed Romanian court documents from a person with direct interest in discrediting the CEO. Named defendants: Simon Bentsen, Jesper Høberg, Tobias Hansen Cooper, William Springer.

Wednesday, March 26 — Day 21: The Greatest Find

The evidence that ties it all together. Kromann Reumert’s own documents prove the coordination. The DocuSign envelope. The timestamps. The 39-day pre-designation of the trustee. This is the episode that makes the rest make sense.

Wednesday, March 26 — The Wild CEO Manifesto

Who I am. Why I fight. What this publication stands for. If you read one thing this week, make it this.

Thursday, March 27 — Day 22: The Trap Backfires

Kromann Reumert’s own email proves they coordinate with Shape’s service providers. EIFO gets the olive branch — a settlement offer, with a deadline. The CEO fires back. Twenty-two days of DKK 3,722,813.18 sitting in unauthorized escrow. The trap they set is now evidence against them.

Saturday, March 29 — The EGM Is Not a Meeting. It Is a Weapon.

Today’s dispatch. The EGM on April 14 is not a formality. It is the mechanism through which shareholders take control. New board candidates: Aurel Nein, Kim Okkola, Alexandru Ambrozie. This is what reconstruction looks like.

Vote at the EGM — April 14

Fund the Fight

This fight runs on transparency and community funding. The FundShape bridge loan is how shareholders and supporters keep the pressure on. EUR 5,000 minimum. Triple collateral. 3% quarterly. Every euro documented, every loan public. The first one landed this week. The portal is live.

Support via FundShape

The more people see the evidence, the harder it is to ignore. Share this post. Forward it. Screenshot it. The system protects itself through silence. We break silence with documentation.

In order to get out of hell, you have to drive through it.

Q.E.D.

Mark-Robert Abraham

CEO, Shape Robotics AS

CVR 38322656

wildceo.live

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If the Extraordinary General Meeting of Shape Robotics AS reaches quorum on April 14, every single person who participated in the destruction of this company — the former board, the trustee, the analyst, the law firm, the bank — enters a legal arena they cannot control.

If it does not reach quorum, they get exactly what they have been working toward since January: time. More time to delay. More time to let the company bleed. More time to hope that one man, fighting alone from Romania with frozen bank accounts and stolen documents, eventually runs out of air.

That is the calculation. That is the bet they are making against you.

This EGM exists to break that bet.

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What They Did

Let me be precise, because precision is what separates a claim from a complaint and a complaint from a conviction.

In November 2023, the board of Shape Robotics — under Chairman Jeppe Frandsen and CEO André Fehrn — uplisted the company to Nasdaq Copenhagen Main Market. They did not check whether moving to the Main Market would trigger the cancellation of EIFO’s loan guarantees. It did. Finland’s Finnvera, operating under the exact same EU framework, approved continued financing for our subsidiary Sanako Oy after the uplisting. The loss was not inevitable. It was negligent. The people who made that decision were paid to know better, and they did not.

In March 2024, Lars Topholm — Head of Research at Carnegie Investment Bank — published analysis projecting three to four times upside on the SHAPE stock. He held 3,500 shares and did not disclose them. Between April 24 and June 4, his network sold: Martin Bundgaard, his self-described best friend, moved 318,331 shares. Søren Bendixen moved approximately 70,000 through Fredericiagade Holding ApS. Sundvænget moved approximately 140,000. Total: roughly 532,000 shares. Approximately DKK 21 million extracted at 42–45 DKK per share. Carnegie withdrew from helping Shape exactly two days after the last connected investor finished selling. A DKK 35 million capital raise followed at DKK 35 per share. The stock fell 79 percent. DKK 205 million in shareholder value was destroyed.

On January 6, 2026, a Danish bankruptcy court declared this company insolvent. The petition was served to the private digital mailbox of a former board member eight days after she resigned — not to the company’s registered address. The CEO was not notified. No one from Shape Robotics was present at the hearing.

The trustee appointed was Teis Gullitz-Wormslev, a partner at Kromann Reumert — the same law firm representing the creditors who filed the petition. And Kromann Reumert is Carnegie’s go-to law firm. The same firm that represents the investment bank whose analyst held undisclosed shares is the same firm whose partner was designated as trustee.

DocuSign Envelope ID 1BFCABD2-4DFF-45D8-BAA3-853A918A548E shows Albert Mungo Madsen created the appointment document on November 28, 2025 — thirty-nine days before any court appointed him. Gullitz-Wormslev viewed it six minutes later. This is not a coincidence. This is a system protecting itself.

In fifty-nine days of control, the trustee cancelled the EGM that would have activated EUR 15 million in IRIS Capital financing. He wrote DKK 199 million in subsidiary assets down to zero. He destroyed Sanako Oy — acquired for EUR 9 million, serving 50,000 classrooms in 114 countries — by pushing it into bankruptcy in Finland in twenty days. He failed to respond to the Romanian authorities, causing the permanent loss of a EUR 24 million government education grant. He made zero Nasdaq market disclosures for a Main Market listed company in fifty-nine days. He deposited DKK 3,722,813.18 of company funds into an unauthorized Nordea escrow account after his own mandate was annulled by the High Court — and refuses to return it.

Three judges looked at this. Three judges ruled unanimously. The bankruptcy was unlawful.

That ruling gave us back the company. The EGM gives us back the power to hold every one of these actors accountable.

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What the EGM Does

The agenda has ten items. Forget the numbers. Here is what they mean.

We build a fighting board. Aurel Nețin stays — the man who invested DKK 1.25 million of his own money and refused to leave when everyone else did. Kim Okkola joins — Finnish connections, strategic for recovering Sanako and the EUR 40 million Bechtle framework that was destroyed. Alexandru Ambrozie joins — a Romanian litigation lawyer who reads corporate documents the way soldiers read terrain. This is not a governance exercise. This is a command structure for a legal war across four jurisdictions.

We unlock the money. IRIS Capital — a French investment company — signed a Letter of Intent for EUR 15 million in equity line financing. The money is ready. It has been ready since March 12. It cannot activate because Nasdaq suspended trading on a legal basis the company has proven, with twenty-nine pages and fifteen exhibits, does not exist. The EGM authorizes the share issuance that lets IRIS deploy the moment Nasdaq lifts the suspension. Without this vote, EUR 15 million sits frozen while the company fights with borrowed euros and personal guarantees.

We fix the structure. The old accounting was, and I will use the exact word I used on the livestream, absolutely stupid. Every Romanian invoice consolidated as a Danish transaction. Every auditor who touched it should have flagged it. We move to IFRS 10 equity-based consolidation through a holding company structure. Simpler. Cheaper. Correct. The company becomes Phase Education AS — not because the name matters more than the mission, but because the mission deserves a name that was not dragged through a bankruptcy it did not deserve.

We go after them. This is the part the other side fears. Two separate authorizations — one to pursue claims against the former board for the EIFO catastrophe, one to pursue claims against Carnegie Investment Bank and its officers for the pump-and-dump. These are not symbolic votes. They are legal mandates. The moment shareholders approve them, the company’s lawyers can file. The evidence is assembled. The complaints are drafted. The jurisdictions are identified. Denmark. Romania. Finland. The EU. What is missing is the shareholder mandate to pull the trigger. That is what April 14 is.

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What Happens If You Do Not Vote

I need to be direct about this because the consequences are not theoretical.

If this EGM fails quorum, we cannot elect a board. If we cannot elect a board, we cannot appoint an auditor. If we cannot appoint an auditor, Nasdaq has another reason to keep trading suspended. If trading stays suspended, IRIS cannot deploy. If IRIS cannot deploy, we fund reconstruction with bridge loans at twelve percent interest while the former trustee sits on DKK 3.7 million of our money and the former board sleeps soundly knowing nobody has the legal mandate to come after them.

That is the chain. Every link depends on April 14.

The people who benefit from a failed EGM are not the shareholders. They are the people who destroyed EUR 100 million in value and have not yet been asked to answer for it.

A failed quorum is not neutral. A failed quorum is a gift to the other side — months of delay, months of silence, months during which the evidence grows older and the appetite for accountability fades.

I am not going to let that happen. But I cannot do it alone. I need your vote.

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How They Lose

The architecture is already built. Criminal complaints filed in Denmark and Romania. A EUR 13,853,000 defamation lawsuit against Finans.dk. Formal objections to Nasdaq with copies to ESMA and the Danish FSA. Bailiff court proceedings to recover company property. The EIFO settlement offer — decent terms, an open door, expiring Good Friday.

What the EGM adds is the corporate mandate. Right now I fight as CEO. After April 14, the company fights as a company — with a board, with an auditor, with legal standing across every jurisdiction, with EUR 15 million in committed capital, and with the explicit authorization of its shareholders to pursue every claim against every actor who participated in the destruction.

That is how they lose. Not in one dramatic moment, but through the slow, systematic, documented application of law to evidence. Courts do not care about narratives. Courts care about documents. And the documents, as I have shown you over twenty-two days and counting, are devastating.

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You need your VP deposit account number. It is in your eBoks — the letters from VP Securities. If you cannot find it, call your broker. Registration takes minutes. The EGM is fully electronic. You can vote from anywhere.

The first vote has already been cast. kloun — 1,000 shares, green on every item. He posted the instructions on the Nordnet forum before most of you were awake.

The second vote is yours.

REGISTER & VOTE

April 14, 2026. 2:00 PM CEST. Fully electronic.

The company they tried to bury is the one doing the burying.

Q.E.D.

Wild CEO is published daily by Mark Abraham, CEO & Sole Director of Shape Robotics AS (Nasdaq Copenhagen: SHAPE). Every document referenced is part of the formal legal record. The full archive is at wildceo.live.

The Fund Shape loan campaign portal is now live. This post explains exactly how it works, what you get, and why the risk is structured the way it is.

If you’ve been following the Shape Robotics story, you already know the background. If you haven’t, start here: wildceo.live

How it works

You go to fundshape.phase.education. You pick a tier. You transfer the money. You upload your payment proof. You sign electronically. Done.

Within 30 days, a Fable GO 2.5 robot ships to your address. Within 90 days, your loan plus 3% interest is repaid. That’s 12% annualised.

If repayment doesn’t happen on time, you keep the robot. It’s yours regardless.

Step-by-step guide: How to loan through the portal

Go to fundshape.phase.education. The portal walks you through everything in four steps.

Step 1: Verify your identity

Enter your email address. You will receive a magic link to confirm your identity. Click it. Once verified, the portal unlocks the full loan form.

Step 2: Fill in your details

Provide your full legal name, your IBAN (where the repayment will be sent), your bank name, your country, and your robot delivery address. EU/EEA shipping is free.

Step 3: Choose your tier

Pick the loan amount that works for you:

Starter: Lend 500 euros. Get 515 euros back in 90 days. 1 Fable GO 2.5 robot shipped to you.

Supporter: Lend 1,000 euros. Get 1,030 euros back. 2 robots.

Champion: Lend 5,000 euros. Get 5,150 euros back. 10 robots.

Hero: Lend 10,000 euros. Get 10,300 euros back. 20 robots.

Every tier earns 3% interest per quarter (12% annualised). Every tier receives physical robots as collateral.

Step 4: Transfer the money and upload proof

Transfer your chosen amount to the Shape Robotics Wise account:

IBAN: BE95 9055 8272 2958

BIC: TRWIBEB1XXX

Recipient: Shape Robotics A/S

Once the transfer is done, upload your payment confirmation in the portal.

Step 5: Review and sign the contract

The portal generates a loan contract. Review the terms. Sign electronically. Done. You will receive your signed contract by email.

What happens next?

Within 30 days, your Fable GO 2.5 robots ship to your address. Within 90 days, your loan plus 3% interest is repaid. If for any reason repayment does not happen on time, you keep the robots and the CEO remains personally liable.

Your money is backed three ways: 960 robots in stock ready to ship, DKK 3.7 million held in escrow at Danske Bank, and a personal CEO guarantee with joint and several surety without protest. There is no scenario where you lose.

The tiers

STARTER — €5001 Fable GO 2.5 robot shipped to you. €515 returned in 90 days.SUPPORTER — €1,0002 robots. €1,030 returned in 90 days.BACKER — €2,5005 robots. €2,575 returned in 90 days.BUSINESS — €5,00010 robots. €5,150 returned in 90 days.CHAMPION — €10,00020 robots. €10,300 returned in 90 days.

Every tier gets the same deal: 3% interest per quarter, one robot per €500 lent, and a signed contract delivered to your email.

The triple collateral

This is not an unsecured loan. Every euro is backed three ways:

1. DKK 3,722,813.18 in escrow — held in a Danske Bank client account, court-confirmed as belonging to Shape Robotics. This alone covers the entire campaign.

2. 960 Fable GO 2.5 robots — sitting in a warehouse in Ruse, Bulgaria. Physical assets, ready to ship.

3. CEO personal guarantee — I, Mark Abraham, personally guarantee every robot delivery with joint and several liability (solidarisk hæftelse under Danish law). My name, my signature, unlimited liability.

Where the money goes

Every euro raised goes toward one goal: getting Shape Robotics back into full operation.

That means: recovering the DKK 3.7M in escrow, convening the Extraordinary General Meeting, appointing a new board and auditor, stabilising the subsidiaries, and completing what the High Court of Denmark already confirmed we had the legal right to complete.

Three judges ruled 3-0 in our favour on March 5, 2026. The bankruptcy was annulled. The money exists. We just need to finish the legal process to get it released.

Common questions

What if the loan isn’t repaid?You keep the robot. The Fable GO 2.5 retails for approximately €500. Your collateral is physical and in your hands.Is this regulated?This is a private secured loan, not an investment product. You are lending money against collateral, not buying securities.Who is behind this?Mark Abraham, CEO of Shape Robotics A/S (Nasdaq Copenhagen: SHAPE). Every contract is signed personally. Every guarantee is in my name.What’s the timeline?Robot delivery: within 30 days of confirmed payment. Loan repayment: within 90 days. Interest: 3% per quarter (12% annualised).

The portal is open. Right now.

fundshape.phase.education

The first lender already committed €5,000. The contract is signed. The robots are shipping.

If you believe in what we’re building, if you’ve read the evidence, if you want to be part of this — the portal is waiting.

One robot. One loan. 90 days. Backed by the CEO personally.

Q.E.D.

Mark Abraham is the CEO of Shape Robotics A/S (Nasdaq Copenhagen: SHAPE). This post does not constitute investment advice. The secured loan campaign involves risk of principal loss. Full terms at fundshape.phase.education.

€5,000. Tier: BUSINESS. Reference: SHAPE-LOAN-2T6EL5. Payment date: tomorrow, March 23, 2026.

Someone in Denmark — a real business, from a real Nordea account — decided today that Shape Robotics was worth backing before the money even cleared. They read the case. They checked the documents. They looked at the triple collateral. And they committed.

Ten robots will ship to them within 30 days. €5,150 returns to their account in 90 days, if everything goes to plan. If it doesn’t, they keep the robots. That’s the deal. They understood it and they signed it.

I’m not going to tell you who they are. That’s not my information to share.

But I want to tell you what this moment means to me.

What I’ve been doing for 59 days.

Since January 6, 2026 — the day I learned from a journalist, not from a court, that my company had been declared bankrupt — I have been operating with frozen bank accounts, no access to company infrastructure, no board, no auditor, and no ability to pay anyone anything.

I paid for the High Court appeal out of my own pocket. My lawyer filed on January 19. Three judges ruled unanimously in our favour on March 5. The bankruptcy was annulled.

Teis Gullitz-Wormslev still hasn’t returned the DKK 3,722,813.18.

I have been living on the assumption that the law would eventually work, that the evidence was strong enough, that the story was important enough that people would see it. Some days that assumption held easily. Some days it didn’t.

Today it held.

What the portal is.

The loan campaign portal is live at fundshape.phase.education

It is a simple platform. You choose a tier. You upload your payment proof. You sign electronically. You get a contract by email. A robot ships to your door within 30 days.

The money goes toward one thing: getting Shape Robotics back into operation — recovering the escrowed funds, convening the EGM, appointing a new board and auditor, stabilising the subsidiaries, and finishing what three High Court judges already confirmed we had the right to finish.

The collateral is real. DKK 3,722,813.18 in escrow — enough to cover the entire campaign — court-confirmed as belonging to Shape Robotics. 960 Fable GO 2.5 robots in a warehouse in Ruse, Bulgaria. And my personal guarantee, which I’m signing in my own name, as I have signed everything in this case.

What I’m asking.

If you’ve read the investigation article. If you’ve looked at the SBS announcements. If you’ve read the High Court case number. If you believe the evidence points where it points.

The portal is open. The contract is waiting. The first lender already moved.

fundshape.phase.education

Tiers start at €500. One robot. One loan reference. 90 days.

Q.E.D.

Mark Abraham is the CEO of Shape Robotics A/S (Nasdaq Copenhagen: SHAPE).

This post does not constitute investment advice. The secured loan campaign involves risk of principal loss. Full terms at fundshape.phase.education.

#ShapeRobotics #SHAPE #NasdaqCopenhagen #WildCEO #FightBack