Reference is made to the N-OTC announcement published by CondAlign AS on 18
October 2024 and on 4 November 2024 regarding that Condalign need to secure
additional funding to finance the current business to facilitate continued
strategic discussions.
CondAlign has initiated an application period for a convertible loan to raise a
minimum of NOK 6m. The convertible loan can be converted into existing
preference shares at a conversion price of NOK 8.00 per preference share. The
transaction is directed at 1) existing shareholders in the Company as of 15
October 2024, as registered in the VPS on 17 October 2024, in reliance on
applicable prospectus exemptions who have not expressly informed the Company
that they will not subscribe for the convertible loan ("Tranche 1")