Schedule
of Derivative Liabilities
| €’000 | |
Convertible Notes | | |
Private Warrants | | |
Public warrants | | |
Total Derivative Liabilities | |
| Balance – December 31, 2024 (reclassified) | |
| 679 | | |
| 14 | | |
| 177 | | |
| 870 | |
| Fair value movement on warrants unexercised (including exchange differences)* | |
| - | | |
| - | | |
| - | | |
| - | |
| Fair value on initial recognition of derivative liabilities | |
| 3,932 | | |
| 12,527 | | |
| - | | |
| 16,460 | |
| (Decrease) / increase due to conversions during period | |
| (2,403 | ) | |
| (1,642 | ) | |
| - | | |
| (4,045 | ) |
| (Decrease) / increase due to derecognition during period | |
| (426 | ) | |
| (6,063 | ) | |
| (15 | ) | |
| (6,504 | ) |
| (Gain) / loss due to fair value movements during period | |
| (1,563 | ) | |
| (4,837 | ) | |
| (161 | ) | |
| (6,562 | ) |
| (Gain) / loss due to fair value movements at remeasurement | |
| (36 | ) | |
| - | | |
| - | | |
| (36 | ) |
| Reclassification of convertible notes on consolidation | |
| - | | |
| | | |
| | | |
| - | |
| Balance – December 31, 2025 | |
| 181 | | |
| - | | |
| 0 | | |
| 181 | |
|