Oslo, Norway --- Elliptic Labs (OSE: ELABS): Following the exercise of share
options by option holders under Elliptic Laboratories ASA's ("Elliptic Labs"
or the "Company") share option program, the Company's board of directors has,
based on the authorization granted by the annual general meeting on 21 May
2025, resolved to increase the Company's share capital by a total of NOK
117.97, by the issuance of in aggregate 11 797 shares at a subscription price
of NOK 10.4425 per share.
Following registration of the share capital increase pertaining to the
issuance of new shares, the share capital will be NOK 1 052 867.65, divided
into 105 286 765 shares, each with a par value of NOK 0.01.
All the exercised options have been granted in accordance with the Company's
share option program described in the Company's latest annual financial
statements.
Contacts
Investor Relations:
Lars Holmøy
Lars.Holmoy@ellipticlabs.com
PR Contact:
Patrick Tsui
pr@ellipticlabs.com
About Elliptic Labs
Elliptic Labs' AI Virtual Smart Sensor PlatformTM brings contextual
intelligence to devices, enhancing user experiences. Our technology uses
proprietary deep neural networks to create AI-powered Virtual Smart Sensors
that improve personalization, privacy, and productivity.
Currently deployed in over 500 million devices, our platform works across all
devices, operating systems, platforms, and applications. By utilizing
system-level telemetry data to cloud-based Large Language Models (LLMs), the
AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize
output data from every available data source. This approach allows devices to
better understand and respond to their environment, making technology more
intuitive and user-friendly. At Elliptic Labs, we're not just adapting to the
future of technology -- we're actively shaping it. Our goal is to continue
pushing the boundaries of contextual intelligence, creating more intuitive and
powerful experiences for users worldwide.
Elliptic Labs is headquartered in Norway with presence in the USA, China,
South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock
Exchange. Its technology and IP are developed in Norway and are solely owned
by the company.
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-05-22 17:01 CEST.