Reference is made to the N-OTC announcement published by CondAlign AS on 7 February 2025 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 9,000,000. The convertible loan can be converted into units of shares in the existing share classes of preference shares and ordinary shares at a conversion price of NOK 8 per unit. Each unit includes 1 preference share and 50 ordinary shares. The convertible loan will be contingent upon approval by an extraordinary general meeting of the Company.

The transaction is directed at 1) existing shareholders in the Company as of 4 February 2025, as registered in the VPS on 6 February 2025, in reliance on applicable prospectus exemptions who have not expressly informed the Company that they will not subscribe for the convertible loan ("Tranche 1"); 2) an institutional offering directed towards qualified investors in accordance with applicable prospectus exemptions ("Tranche 2"); and 3) existing and former employees and board members of the Company in reliance on applicable prospectus exemptions, expired at 17:00 hours CET on 17 February 2025.

The minimum amount of NOK 9,000,000 have been met within the end of the subscription period, but the board of directors of CondAlign have resolved to extend the application period until 16:00 hours CET on 21 February 2025 to further increase the amount.

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.