Reference is made to the stock exchange notice by Elliptic Laboratories AS (the "Company") on 18 August 2021 regarding the share capital increase resolved by the Company's board of directors in relation to the exercise of options by Guenael Strutt.
The share capital increase has now been registered with the Norwegian Register of Business Enterprises:
Share capital: NOK 964,136.10
Total number of shares: 9,641,361
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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