iQ International AG: ExWorks Capital provides iQ with an extension to its outstanding debt and the granting of a further bridge loan

Zug (pta015/20.09.2021/11:05 UTC+2) Zug/Switzerland - 20 September 2021 - iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), a multinational sustainable technology company publicly traded at the General Standard of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Phoenix, Arizona (the "Company"), announces the extension of the loan provided to the Company by ExWorks Capital (the Company's secured lender) until the earlier of the end of Moratorium or November 15, 2021. In addition, ExWorks Capital also agreed to provide the Company with a bridge loan of 425,000 USD for working capital costs and deal expenses to finalize the sale of the assets of iQ Power (incl. SIA) and other battery related properties of IQ International (collectively the "Assets") to Antarctica Capital.

On September 1, 2021, iQ International AG approached ExWorks regarding the need for further interim capital in the effort to close the sale of the Assets, which, we expect will be concluded following an EGM vote. The proceeds of the sale of the Assets will be used for the settlement of all debt/liabilities of the Company, as well as leave liquidity required for the Company's ongoing operations as it expects to consummate the amalgamation with TerraScale - also to be concluded through an EGM vote, both EGMs expected to be announced during October 2021; the Company is working to complete both in a single EGM if possible. In light of the value and benefits to all creditors and shareholders that the sale of the Assets and amalgamation with TerraScale is expected to bring, ExWorks agreed to the further extension of the outstanding debt until the earlier of the end of Moratorium or November 15, 2021, and the providing of an interim bridge loan of 425,000 USD.

Management is confident to close the sale of the Assets this Fall with the proceeds of the sale sufficient to settle all outstanding debt, initiate the audit of past years financial results, finalize the TerraScale amalgamation, and close out the 2019 and 2020 financial years through an AGM with audited financial statements by the expected incoming auditor.

To reiterate, under the basic terms of the MOU, 40 million USD will be paid to the Company. The 40 million USD will be used by the Company for the settlement of all financial debt/liabilities, as well as leave a minimum liquidity of 3 million USD required for the ongoing operations as the Company moves forward with the planned amalgamation with TerraScale, and shifts to a digital infrastructure, cybersecurity and fintech focus.

About iQ International
iQ International AG is a multinational sustainable technologies company listed at the General Standard of the Frankfurt Stock Exchange. The Company owns a world-leading IP portfolio that enhances battery performance and production efficiency, and manufactures/distributes highly efficient lead-acid batteries that meet the increased need for cycle life in today's global automotive and storage markets. Its Advanced Battery Factory (ABF) technologies together with the award-winning innovative 360° Mixing battery technology is used to create superior, long-lasting, OEM-approved Starting-Lighting-Ignition (SLI) batteries in a cheaper, faster, and cleaner fashion versus current industry leaders. Batteries with iQ International AG technologies are designed to generate better performance in today's highly electrified vehicles, particularly vehicles with the Start-Stop function, and in demanding storage/auxiliary applications. The Company's technologies have the potential to reduce the carbon footprint of the transportation industry, helping car makers meet the emissions reduction mandates, as well as manufacture, develop and recycle a battery at a significantly emissions reduced level than the current industry leaders. - For more information on iQ International, please visit: https://www.iqint.com/

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Emitter:	iQ International AG Landis + Gyr Strasse 1 6300 Zug Switzerland
Contact Person:	Eva Reuter
Phone:	+41 41 768 03 63
E-Mail:	ereuter@dr-reuter.eu
Website:	www.iqinternational.com
ISIN(s):	CH0451424300 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin