Reference is made to the stock exchange notice by Elliptic Laboratories AS (the "Company") on 8 September 2021 regarding the completion of a private placement of new and existing shares with a total transaction size of NOK 166 million.
The share capital increase has now been registered with the Norwegian Register of Business Enterprises:
Share capital: NOK 1 031 400.70
Total number of shares: 10 314 007
Par value of each share: NOK 0.10
This information is subject to the disclosure requirements pursuant to the Euronext Growth Rule Book part II.
For further queries, please contact:
Lars Holmøy, CFO, [email protected]
About Elliptic Labs
Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Founded in 2006 as a research spin-off from Norway's Oslo University, Elliptic Labs filed its IPO with the Euronext Growth Market in October, 2020. Elliptic Labs is now a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company's patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale. Elliptic Labs' technology and IP are developed in Norway and solely owned by the Company.
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