Reference is made to the N-OTC announcement published by CondAlign AS on 18 October 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 6,000,000. 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"); and 2) an institutional offering directed towards qualified investors in accordance with applicable prospectus exemptions ("Tranche 2") expired at 17:00 hours CET on 1 November 2024. 

The minimum amount of NOK 6,000,000 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 8 November 2024 to further increase the amount.