Shape Robotics A/S publishes this statement for all shareholders, institutional creditors, and the public. Supporting documentation is attached as Annexes A through D.

PUBLIC STATEMENT

Shape Robotics A/S

Resolution Terms for EIFO and Danske Bank

The Escrow, the Board, and the Path to Full Recovery

27 March 2026  —  v8 DEFINITIVE

Shape Robotics A/S publishes this statement for all shareholders, institutional creditors, and the public. Supporting documentation is attached as Annexes A through D.

1. THE FACTS

Key admission from the escrow stipulation itself: Kromann Reumert (CVR 46038150) — not the court, not a neutral party — deposited the funds and listed three potential beneficiaries: Shape Robotics A/S, Danske Bank A/S (CVR 61126228), and EIFO (CVR 43478206). Section 2 of the stipulation states: “The deposit is made due to uncertainty as to who is the rightful creditor entitled to receive the deposited amount.” This is Kromann Reumert admitting, on the record, that they cannot determine who owns the money. If they could, they would have returned it directly. They didn’t — because the money belongs to Shape Robotics.

2. WHY THE ESCROW IS ILLEGAL

Illegally Signed from Day One

The Afviklingsaftale itself was illegally constituted. The DocuSign envelope used to execute the settlement agreement on 28 November 2025 designated Teis Gullitz-Wormslev as “KURATOR” — 39 days before he was officially appointed trustee on 6 January 2026. This is not a clerical error. It is documentary proof that the trusteeship was pre-planned while Kromann Reumert was simultaneously acting as counsel to Danske Bank and drafting the very settlement that would extract DKK 3,725,000 from Shape Robotics. The Afviklingsaftale was signed by a party with an undisclosed conflict of interest and a pre-arranged plan to install their own partner as trustee. The agreement was tainted from inception.

The Identity Crisis: Which Teis Created the Escrow?

Mr. Gullitz-Wormslev wears two hats at Kromann Reumert. He was the court-appointed trustee of Shape Robotics A/S. He is also a partner at Kromann Reumert, which represents Danske Bank A/S.

The trustee was terminated on 5 March 2026. He could not have created this escrow in his capacity as trustee, because that capacity no longer existed.

If he created the escrow in his capacity as Danske Bank’s attorney — then he used information and access obtained through his former role as trustee to benefit his private client, Danske Bank, at the expense of Shape Robotics A/S. That is not a conflict of interest. That is an abuse of a position of trust.

Either way, the escrow has no legal basis. If it was done as trustee — he had no mandate. If it was done as Danske Bank’s lawyer — he had no right to the company’s funds. There is no version of events in which this escrow is lawful.

Fungibility: The Money Cannot Be Traced

Money is fungible. Once funds are received into a bank account, they lose their identity. They become part of the general balance. There is no legal mechanism to ‘trace’ specific kroner through a bank account and claim they are ‘the same’ kroner that arrived from a particular source.

The facts are: During the bankruptcy period, the trustee received funds from multiple sources. He also spent funds — paying his own fees, operational costs, and other expenses. The estate also received income from ongoing operations. The balance remaining was a completely different pool of money — a mixture of receipts from various sources, reduced by various expenditures.

It is therefore legally impossible to claim that the DKK 3,722,813.18 currently in escrow is “Danske Bank’s money.” It is not. It is the company’s money.

No Authority

The escrow was constituted on 11 March 2026 — six days after the bankruptcy annulment. At that point, Teis Gullitz-Wormslev had no mandate, no authority, and no legal standing to dispose of company funds. A former trustee cannot create legal obligations over assets he no longer controls. The deposit is void ab initio.

The Escrow Is Kromann Reumert’s Problem — Not Ours

The funds belonging to Shape Robotics A/S are not in the Nordea escrow. They are, and have always been, on the Kromann Reumert client account. Whatever Mr. Gullitz-Wormslev chose to do — depositing them into an escrow without authority, without mandate, and without the company’s knowledge or consent — is a matter between Kromann Reumert, Mr. Gullitz-Wormslev, Nordea, and Danske Bank.

Shape Robotics A/S is not a party to that arrangement and does not recognise it.

Conflict of Interest

Kromann Reumert held four simultaneous, incompatible roles throughout this process: (i) counsel to Danske Bank, (ii) recipient of Shape Robotics’ payment, (iii) active supporter of the bankruptcy petition, (iv) appointed trustee. No jurisdiction permits this combination. Every action taken by Teis in relation to these funds is tainted.

Shape Robotics will pursue Kromann Reumert separately. This dispute need not involve EIFO.

3. A MESSAGE TO EIFO

Shape Robotics recognises EIFO as a public institution serving Danish innovation and entrepreneurship. We consider EIFO a stakeholder, not an adversary.

Shape Robotics will not pursue claims against EIFO arising from the illegal bankruptcy. Our claims will be directed exclusively against the former board of directors.

Regarding the GBER framework: it is clear that at the time of Shape Robotics’ uplisting to Nasdaq Copenhagen’s main market, EIFO did not formally notify the board of the state aid implications under the EU General Block Exemption Regulation (GBER). However, Shape Robotics holds today that this was ultimately a failure of board and management — not of EIFO. The board’s duty was to conduct proper due diligence on its regulatory obligations, including state aid conditions attached to EIFO’s financing. The former board did not do its homework. That negligence is theirs, and the D&O claims will be directed accordingly.

We ask EIFO to correct this situation by renouncing its claim on the illegally constituted escrow. Teis Gullitz-Wormslev created this escrow without authority and without legal basis. EIFO’s continued association with it serves no purpose.

The trustee’s own Creditor Information No. 2 (Annex B) confirms: in a bankruptcy scenario, EIFO recovers nothing. Shape Robotics is offering actual repayment from the first IRIS Capital equity line tranche (Company Announcement 35-25). We are attempting to repair an illegality — with EIFO’s help.

4. TERMS — DEADLINE: GOOD FRIDAY, 3 APRIL 2026, 17:00 CET

Critical: This Settlement IS the “Binding Resolution” Required by the Escrow

The escrow stipulation’s own Section 3 states that the deposited funds shall be released upon “judgment, settlement, or other binding resolution” determining the rightful owner. Shape Robotics is offering a settlement — which is exactly what the stipulation requires for release. If EIFO accepts these terms, that acceptance IS the “binding resolution” that unlocks the escrow. No court needed. No litigation needed. This offer is the key that opens the lock.

1. EIFO and Danske Bank shall formally renounce any claim on the escrow (Annex A).
2. EIFO and Danske Bank shall engage directly with Shape Robotics — without Kromann Reumert — on a structured resolution.
3. In return, Shape Robotics will:

(a) Waive all claims against EIFO from the 59-day illegal bankruptcy.

(b) Direct governance claims exclusively against the former board (D&O).

(c) Prioritize EIFO and Danske Bank for repayment from the first IRIS tranche.

(d) Provide continuous transparency via fundshape.phase.education and substack.wildceo.live.

(e) Sign an agreement directing IRIS Capital to pay the full amount owed to EIFO directly into EIFO’s designated account from the proceeds of the first equity line tranche — ensuring EIFO receives payment without any intermediary handling of funds.

5. THE ALTERNATIVE

The trustee said it in Creditor Information No. 2: zero recovery.

If EIFO and Danske Bank choose litigation, they will spend years entangled with Kromann Reumert’s legal exposure and recover nothing — exactly as the trustee predicted.

Shape Robotics offers full repayment through IRIS. The EGM will proceed. The first tranche will settle institutional claims.

This offer expires Good Friday, 3 April 2026. It will not be repeated.

6. THE TRANSFORMATION — PHASE EDUCATION

Shape Robotics is becoming Phase Education.

On 14 April 2026, an Extraordinary General Meeting will take place with 12 agenda items that will redefine this company. Full details are published at phase.education/egm

EGM Agenda Highlights

•         Company name change to Phase Education A/S

•         Redefinition of company purpose

•         Election of new board: Aurel Nețin (Chairman), Kim Okkola, Alexandru Ambrozie

•         Full restructuring and recovery mandate

•         Claims against former board members and Carnegie Investment Bank

The Business Transformation

Shape Robotics is pivoting from STEAM hardware distribution to an AI-powered curriculum delivery platform:

•         Revenue model shift: From one-time robot sales (30–40% margins) to AI curriculum SaaS subscriptions (70–85% margins)

•         Installed base: Same 12,000 institutions, 25,000 robots, 300,000 students, 20+ countries — zero new hardware required

•         Product evolution: From Fable robot kits to Techducator — an AI teaching system that delivers the PHASE curriculum (Philosophy, History, Arts, Science, Environment)

•         2024 performance: DKK 302M revenue, 76% year-over-year growth

•         Market opportunity: AI in education projected at $30B+ by 2030

This is not a company in distress. This is a company that was illegally attacked, survived, and is now executing a transformation that makes it MORE valuable than before the bankruptcy.

EIFO’s investment is protected — and enhanced — by this transformation. The question is whether EIFO wants to participate in the upside or spend years in litigation recovering nothing.

7. THE BRIDGE CAMPAIGN

fundshape.phase.education — Shape Robotics’ bridge financing campaign. The company has launched a short-term bridge loan facility at 12% annual interest (3% per quarter, 90-day term) to cover legal, operational, and compliance costs during the critical weeks until the IRIS Capital equity facility activates. Every loan is backed three ways: the CEO’s personal guarantee (joint and several surety without protest), 960 Fable GO 2.5 robots as physical collateral, and the DKK 3.7M in court-confirmed escrowed funds. Full campaign details, loan tiers, and payment instructions are available on the platform.

substack.wildceo.live — Daily updates on the reconstruction, legal developments, and the full documentary record of the Shape Robotics case. Shareholders and the public can subscribe for real-time notifications on every significant development.

8. TO ALL SHAREHOLDERS

Shape Robotics is viable. The IRIS facility guarantees reconstruction capital. The former board’s negligence will be addressed through D&O proceedings. Every step is documented publicly.

The Phase Education transformation — from hardware to AI SaaS — represents a fundamental upgrade in the company’s value proposition. The EGM on 14 April 2026 is the inflection point. We invite every shareholder to participate.

Mark-Robert Abraham

CEO / Direktør

Shape Robotics A/S (Phase Education A/S)

CVR 38322656

Vesterbrogade 74, 1620 Copenhagen V

[email protected]

fundshape.phase.education  |  substack.wildceo.live

ANNEX A — ESCROW DEPOSIT & STIPULATION

[To be attached: (1) Documentation of the deponering constituted by Kromann Reumert Advokatpartnerselskab (CVR 46038150) into Nordea account Reg. 2191, Acc. 9046 428 843, dated 11 March 2026 — six days after the bankruptcy annulment. (2) The escrow stipulation itself, confirming: Depositor is Kromann Reumert; beneficiaries listed are Shape Robotics A/S, Danske Bank A/S (CVR 61126228), and EIFO (CVR 43478206); Section 2 admits uncertainty as to rightful owner; Section 5 confirms KR waived the right to retrieve the funds, making the deposit final and irrevocable.]

ANNEX B — CREDITOR INFORMATION NO. 2

[To be attached: Kreditorinformation nr. 2, issued by Kurator Teis Gullitz-Wormslev, 26 January 2026, Case No. 5011457/KKR/BBEC. Key finding: total estate DKK 3,722,886.77; DKK 199M subsidiaries valued at zero; zero recovery for creditors.]

ANNEX C — DOCUSIGN ENVELOPE: “KURATOR” PRE-DESIGNATION

[To be attached: DocuSign envelope from 28 November 2025 used to execute the Afviklingsaftale (settlement agreement) between Shape Robotics A/S and Danske Bank / EIFO. Key discovery: the envelope designated Teis Gullitz-Wormslev as “KURATOR” 39 days before his official appointment as trustee on 6 January 2026, proving the trusteeship was pre-planned while Kromann Reumert simultaneously acted as counsel to Danske Bank.]

ANNEX D — CORRESPONDENCE TO KROMANN REUMERT PARTNERS

[To be attached: Demand letter dated 17 March 2026 from Shape Robotics A/S to all partners of Kromann Reumert regarding the illegally constituted escrow, the identity crisis of the depositor, the fungibility of the deposited funds, and the demand for immediate release.]