Elliptic Labs – Mandatory notification of trade

09 August 2022 - 16:16

Oslo, Norway — The following close associate to primary insider have carried out the following transactions in connection with the private placement:

Passesta AS, a company owned by the chairman of the board Tore Engebretsen and his immediate family, has acquired 170 000 shares for an aggregate subscription price of approximately NOK 3.3 million. After the transaction, Passesta AS and Tore Engebretsen own12 450 480 shares, equal to approximately 11.96 % of the Company's shares and votes.

See the enclosed forms for further details about the transactions.

Provided by: MFN
Elliptic Laboratories ASA
Elliptic Laboratories is a research spin-off from Norway's Oslo University and is now a global enterprise targeting the smartphone, laptop, IoT and automotive markets. The Company's patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture and presence sensing experiences....
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