CondAlign AS announced a private placement of 1,451,710 new preference shares at issue price NOK 16.67 per share for gross proceeds NOK 24,200,005.7 on June 20, 2024. The Private Placement is split into three different tranches. A tranche of NOK 25,800,000 directed at the holders of the Convertible Loan and with a minimum subscription per shareholder of a NOK amount corresponding to EUR 100,000, where settlement shall be made by set-off of claims pursuant to the Convertible Loan, An offering directed towards existing shareholders in the Company as of 20 June 2024, as registered in the VPS on 24 June 2024, in reliance on applicable prospectus exemptions AS Tranche 2 and An institutional offering with cash settlement directed towards qualified investors in accordance with applicable prospectus exemptions in tranche 3. The gross proceeds of minimum NOK 35,800,000 and maximum NOK 50,000,000, including set off of the total outstanding existing debt pursuant to the Convertible Loan of NOK 25,800,000.

The split of proceeds raised in Tranches 2 and 3 shall be determined by the Board in its sole discretion, however so that the total gross cash proceeds raised shall in aggregate be at least NOK 10,000,000.