GAME OVER | Day 18 — Hold the Line

Shape Robotics Live — March 23, 2026 | Courts said yes. Trustee says nothing. We break the circle.

Three judges. Zero dissent. Now we rebuild.

There is a moment in every fight where the adrenaline of the last victory fades and you realize the real work is only beginning. Today was that moment.

We won two court hearings in a row. Three judges at Ostre Landsret, unanimous. So- og Handelsretten, five-month adjournment granted. Two-zero. Perfect score. The establishment threw six of Denmark’s most expensive lawyers at us, and the judiciary said: follow the rules.

But winning in court means nothing if you cannot keep the lights on while you wait for the system to deliver what is yours.

The Situation — Honestly

I want to be completely transparent about where Shape Robotics stands right now. Not the optimistic version. Not the pessimistic version. The real one.

We have legal management of the company. We do not have factual management. The former trustee — Teis Gullitz-Wormslev of Kromann Reumert — has not returned a single document, a single laptop, a single euro. DKK 3,722,813.18 sits in an unauthorized Nordea escrow that we cannot touch. Our bank accounts remain frozen.

Our subsidiary in Finland, Sanako Oy, valued at EUR 9 million, is trapped in a bankruptcy declared during an illegal bankruptcy in Denmark. Our Romanian subsidiary — where we had won a EUR 24 million government grant for educational robotics — lost that grant forever because nobody from Shape could submit the required documents during January and February while the trustee controlled everything and did nothing.

Twenty-four million euros. Gone. Because a trustee who was later ruled unlawful by Denmark’s own High Court decided not to reply to the Romanian authorities.

Today we filed a criminal complaint in Romania against the former trustee for gross negligence.

Sanako — EUR 9 Million, Gone

Sanako Oy, our Finnish subsidiary, was acquired for approximately EUR 9 million. It operates in 114 countries. It was a cornerstone of the company’s value.

Sanako is now in bankruptcy in Finland. But here is what matters — Sanako became bankrupt during an illegal bankruptcy in Denmark. If the Danish bankruptcy was annulled by the High Court, then every decision the trustee made during those 59 days — including pushing Sanako into insolvency — should be reversed.

The EIFO Question — With Proof

The timeline, verified by official Nasdaq company announcements: November 17, 2023 — Shape Robotics publishes its Listing Prospectus for Nasdaq Copenhagen Main Market. EIFO-backed credit facilities presented as a pillar. November 20, 2023 — Shape begins trading on Nasdaq Copenhagen Main Market. May 1, 2024 — I become CEO. I was not part of the uplisting process. June 2024 — EIFO notifies the company that loan guarantees will not be renewed because the company was admitted to trading on Nasdaq Main Market.

Did anyone — the board, the chairman, the CEO, Elmann, Danske Bank, EIFO itself — check before the uplisting whether moving to the main market would trigger the loss of EIFO guarantees?

Finland’s Finnvera, operating under the exact same EU framework, approved new financing for Sanako Oy after the uplisting — proving continued support is perfectly legal.

I confirm officially today: there is a formal claim against the former board of directors.

Teis Gullitz-Wormslev — The Name on the File

Let me be clear about what happened during those 59 days.

Teis Gullitz-Wormslev, partner at Kromann Reumert, was appointed trustee of Shape Robotics on January 6, 2026. During the 59 days he controlled the company, the following happened: DKK 3,722,813.18 was moved into a Nordea escrow account that we still cannot access. No company documents, laptops, or assets were returned. The Romanian EUR 24 million grant was lost because no one responded to the Romanian authorities. Sanako Oy was pushed into bankruptcy in Finland. No operational decisions were made to preserve the company.

The High Court ruled the bankruptcy unlawful. If the bankruptcy was unlawful, then the trustee’s appointment was unlawful. If the appointment was unlawful, then every action taken during those 59 days must be examined.

We are not making accusations. We are asking questions that deserve answers. And we will get them.

The Trap They Set — And Why It Failed

Here is what the establishment wanted: bankrupt us, drain our cash, freeze our accounts, destroy our subsidiaries, and wait for us to disappear. They thought the system would protect them. They were wrong.

The courts said no. Two times. Unanimously. The adjournment at So- og Handelsretten means the case cannot proceed until August. The Ostre Landsret ruling means the bankruptcy was annulled. Every day they delay returning what belongs to us, they dig deeper.

This is not a fight between individuals. This is a fight between those who follow the rules and those who think the rules do not apply to them.

FundShape — The Way Forward

We launched FundShape because we cannot wait for the system to return what it owes. We need to rebuild now. Every contribution goes directly to legal fees, operational costs, and keeping this company alive while we fight for justice.

If you believe in accountability, if you believe that the law should apply equally to everyone, then support us. Go to fundshape.phase.education and be part of this.

Day 18. The line holds. Tomorrow we push forward.

— Mark Abraham, CEO, Shape Robotics