Subgen AI Subsidiary Substrate AI Considers Appeal After Court Dismisses Summon Press Claims

• Subgen AI's Spanish subsidiary Substrate AI lost its claims against Summon Press in the Valencia Court of First Instance.
• The court ordered payment of EUR 500,000 withheld, with statutory interest and costs of Substrate AI's claim.
• Substrate AI is evaluating the judgment and considering an appeal to the Provincial Court of Valencia.
• The dispute concerns a May 2021 business-unit acquisition; the October 2022 claim sought partial rescission or EUR 2.21 million compensation.
• Substrate AI had recorded a EUR 2.21 million impairment.

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