Danish Aerospace Navigates Advisor Shift Amid Market Changes

ODENSE, Denmark – December 19, 2025 – Danish Aerospace Company A/S (DAC), a leading innovator in high-tech medical and engineering solutions for space applications, has announced a significant change in its capital markets support structure. The company will appoint HC Andersen Capital as its new Certified Advisor, effective January 1, 2026. The transition comes as its current advisor, Baker Tilly Corporate Finance, makes a strategic decision to discontinue its Certified Advisor services.

This administrative shift is more than a simple changing of the guard; it reflects both a dynamic advisory landscape in Denmark and a strategic move by the space technology specialist to secure specialized support for its future growth. For a company listed on the Nasdaq First North Growth Market, the relationship with a Certified Advisor is a cornerstone of its public life, making this a pivotal moment for DAC and its investors.

The Indispensable Role of a Certified Advisor

For companies navigating the rigorous environment of the Nasdaq First North Growth Market, a Certified Advisor (CA) is a mandatory and essential partner. This role is designed to ensure market integrity, protect investors, and help growth-oriented companies meet their complex regulatory obligations. The CA acts as a crucial liaison between the listed company and the exchange, providing continuous guidance and oversight.

Their responsibilities are extensive. From the outset, a CA guides a company through the intricate listing process. Once public, the advisor’s role intensifies, involving the continuous monitoring of the company's compliance with market rules, including strict disclosure requirements and reporting timelines. They are legally bound to report any rule violations they observe to Nasdaq, serving as a key pillar of market surveillance.

Furthermore, CAs play a critical role in helping companies adhere to the European Union's Market Abuse Regulation (MAR), which governs inside information and market manipulation. This involves advising on the proper handling and announcement of price-sensitive information. The role demands strict independence, with rules in place to prevent conflicts of interest, such as trading in a client company’s shares. This framework ensures that the advice provided is objective and in the best interest of market fairness. Given these critical functions, a seamless and uninterrupted relationship with a competent and approved CA is paramount for any company on the growth market.

A Shifting Advisory Landscape

The catalyst for Danish Aerospace Company's transition is the decision by Baker Tilly Corporate Finance to exit the Certified Advisor business. DAC’s announcement clarified that the termination of their current collaboration was initiated by Baker Tilly because it “will not be providing CA services in the future.” This detail is crucial, as it signals the change is driven by a strategic shift within the advisory firm itself, rather than any dissatisfaction or issue related to DAC's performance or compliance.

This move by Baker Tilly Corporate Finance appears to be a localized strategic decision within its Danish operations. Globally, the Baker Tilly network remains a major player in corporate finance, M&A advisory, and consulting services. The discontinuation of CA services in Denmark points to a potential realignment of service offerings or a response to evolving market dynamics within the specialized field of advising growth-market companies. For DAC, this external event necessitated a proactive search for a new partner to ensure the continuity of this mandatory advisory function, a task the company has evidently managed with foresight.

A New Partnership for Growth and Visibility

DAC's choice of HC Andersen Capital as its new Certified Advisor is telling. Approved by Nasdaq First North Growth Market Denmark, HC Andersen Capital has carved out a distinct niche as a financial communications and investor relations specialist for small and medium-sized enterprises (SMEs). This appointment suggests that Danish Aerospace Company is not merely fulfilling a regulatory requirement but is strategically positioning itself to enhance its engagement with the capital markets.

HC Andersen Capital is known for its proactive approach to increasing the visibility and liquidity of its clients' shares. Their service model is built on creating direct communication channels between companies and a wide network of private, professional, and institutional investors. They frequently host digital investor events, conferences, and roadshows, and supplement these activities with equity research, financial analysis, and targeted content creation. By partnering with an advisor whose core competency is amplifying a company's story to the investment community, DAC signals a clear intent to strengthen its investor relations strategy.

For a company operating in a highly specialized and complex field like aerospace medical technology, the ability to clearly articulate its value proposition, technological advancements, and long-term vision to a diverse investor base is critical. The expertise of HC Andersen Capital in this domain could prove invaluable, helping DAC to not only maintain but potentially broaden its investor base and foster a deeper understanding of its unique market position.

Ensuring Seamless Transition and Investor Confidence

Managing a change in a key advisory role requires careful adherence to market rules to maintain stability and investor confidence. Nasdaq First North Growth Market regulations are designed to facilitate smooth transitions. A key rule stipulates that a departing CA must provide a company with a notice period of no less than three months to secure a new advisor, preventing any gaps in regulatory oversight.

The process followed by Danish Aerospace Company appears to be a textbook example of compliant and proactive management. By publicly announcing the appointment of HC Andersen Capital well in advance of the January 1, 2026 effective date, the company has provided the market with clarity and transparency. This preemptive action assures investors that there will be no disruption to its compliance and disclosure obligations.

The announcement confirms that HC Andersen Capital is an approved advisor, fulfilling a core requirement of the exchange. This entire process, from acknowledging the termination by Baker Tilly to securing a new, specialized partner, underscores a mature approach to corporate governance. For investors, this smooth handling of a necessary transition reinforces the perception of a stable and well-managed organization, allowing the focus to remain on the company's core business of developing groundbreaking technology for space and Earth-based applications.