Reference is made to the previous communication by CondAlign AS (the "Company") on NOTC relating to its private placement that was announced on 21 June 2024 to raise short-term liquidity to extend the cash runway and explore additional future financing.

CondAlign and its board of directors are in the process of identifying strategic alternatives for CondAlign. The discussions are at an early-phase stage, and there are ongoing discussions on structure, which may involve a sale of assets or shares in CondAlign. The Company has identified a need to secure additional funding to finance the current business to facilitate continued strategic discussions, and are currently exploring alternatives to secure such financing, which may include the issuance of new preference shares or instruments that can be converted into new preference shares directed at existing shareholders and potential new investors.

The Company will update the market about the above-mentioned initiatives in due course. No guarantees can be given at this stage as to whether any of these discussions may materialize or the timing of any transaction.

For more information, please contact:

Harald Wahl Breivik
CEO CondAlign AS
Tel: +47 976 33 815
harald.breivik@condalign.no

About CondAlign:
CondAlign is a Norwegian deep tech company that develop, manufacture, and sell groundbreaking anisotropic conductive films (electrical and thermal) for the electronics and automotive industry to connect electronics and/or transferring heat. CondAlign is registered at Euronext NOTC.