Nasdaq welcomes SBA Urban's business center Hermanas to the First North market

Nasdaq RigaPress release

Nasdaq welcomes SBA Urban's business center Hermanas to the First North market

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, June 26, 2025 - Nasdaq (NDAQ)announces that as of June 26, the Nasdaq Vilnius Stock Exchange will list bondsissued by UAB S3 Business, a company managed by SBA Urban, on the Nasdaq BalticFirst North market for the Hermanas business center.

Through a public bond offering in Lithuania, Latvia, and Estonia, SBA Urbanraised €7 million. Each bond has a nominal value of €1,000, an annual interestrate of 8% paid semi-annually, a maturity of 2.5 years, and a redemption dateof November 29, 2027.

The issuance attracted strong interest from both retail and institutionalinvestors - demand exceeded supply by 2.2 times. The initial goal was to raise€5 million, but after receiving over €11 million in applications, the issuancewas increased to €7 million. In total, 287 investors acquired the bonds: 208from Lithuania, 48 from Latvia, and 31 from Estonia. The average investmentamount was €24,390.

“SBA Urban's debut on the First North market is a great example of howambitious real estate projects can leverage capital market opportunities.Investor confidence shows that sustainable, innovative projects like ‘Hermanas'are highly valued. We hope this step will inspire other growing companies inthe region,” said Gediminas Varnas, President of Nasdaq Vilnius.

“The Hermanas business center is highly anticipated in the market - asevidenced by the strong investor interest in the bond issue. With limitedsupply of Class A office space in Kaunas, this project opens a new opportunityin the city's fastest-growing district. The funds raised will allow us toconfidently continue construction and offer the market a modern, sustainable,and community-oriented work environment later this year,” said AndriusMikalauskas, Head of SBA Urban's investment direction Urban LIVE.

About SBA Urban and S3 Business

SBA Urban is a company within the SBA Group that has been active in real estatesince 2007, having developed over 280,000 sq. m. of commercial, residential,and public-use properties. The company is known for its advanced architecture,sustainability principles, and community focus. SBA Urban projects are createdin collaboration with world-class architects andaim to shape urban spaces thatmeet modern needs.

S3 Business is a company managed by SBA Urban, responsible for developing themodern Hermanas business center in Kaunas. The project stands out for itssustainable architectural solutions, innovative workspaces, and focus oncommunity and employee well-being.

About Nasdaq

The Nasdaq First North market is designed for growing companies seeking toraise capital and increase visibility. For investors, it offers the opportunityto participate in companies' growth stories from early stages.

Nasdaq Baltic provides joint offerings from Nasdaq Tallinn, Nasdaq Riga, NasdaqVilnius stock exchanges, and Nasdaq CSD. More information: nasdaqbaltic.com

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Media Contacts:

Eglė JuškaitėNasdaq VilniusMarketing and Communications Manageregle.juskaite@nasdaq.com+370 618 17811https://view.news.eu.nasdaq.com/view?id=bf08d94ffb687ec089c6bfb5864adbba1&lang=en&src=omxlink