Reference is made to the stock exchange notices by Elliptic Laboratories AS (the "Company") on 17 September 2021 with key information on a proposed share split in a ratio of 1:10, and on 24 September 2021 regarding the approval by the extraordinary general meeting of such share split.
The share split has now been registered with the Norwegian Register of Business Enterprises:
Share capital: NOK 1 031 400.70
Total number of shares: 103 140 070
Par value of each share: NOK 0.01
The last day including right to share split is 29 September 2021, and the ex-date is 30 September 2021. For further details, please refer to the key information set out in the Company's stock exchange notice of 17 September 2021.
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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