Lifecare ASA

Share Issue/Capital Change • Apr 26, 2024

LIFE: Lifecare BoD propose a partially underwritten rights issue

LIFE: Lifecare BoD propose a partially underwritten rights issue

Bergen, Norway, 26 April 2024: Lifecare AS (LIFE), a clinical stage medical

sensor company developing the next generation Continuous Glucose Monitor

(CGM), intent to invite its existing shareholders in a NOK 90 million

partially underwritten rights issue.

The proposed rights issue will ensure preferential subscription rights for

existing shareholders, with already underwritten guarantees a minimum of NOK

75 million. Subscribers in the rights issue will without cost be allocated

warrants giving the holder right to subscribe for new shares when exercisable.

The detailed terms for the rights and warrant issue are available in the stock

exchange notification.

* 2024-04-25 20:00:00: Proposed partially underwritten rights issue

(https://lifecare.no/stock-market-announcements/lifecare-as-proposed-partially-underwritten-rights-issue/)

* 2024-04-25 20:01:00: Key information relating to the preferential rights

issue

(https://lifecare.no/stock-market-announcements/lifecare-as-key-information-relating-to-the-preferential-rights-issue/)

- The progress plans in Lifecare are going according to schedule and we have

been delivering milestones on a continuous basis over a long period. This

issue will give the company a strengthened financial backbone and, most

importantly, fully secure the funding of the company until our sensor

technology is launched in the commercial market, says CEO Joacim Holter at

Lifecare.

- We want to ensure fair and equal treatment of our loyal base of

shareholders, and the proposed rights issue is designed to do just that, says

Joacim Holter. One advantage of the guaranteed fundraising structure is that

the company can confirm sufficient funding when we now announce the

intentions. Furthermore, a rights issue is a shareholder-friendly form of

transaction as existing shareholders have preferential rights to subscribe in

the offering.

This rights issue is also important considering that Lifecare is in the

process of applying for uplisting from Euronext Growth to the main list on

Oslo Stock Exchange. - Completion of a partially underwritten rights issue

will ensure compliance of financial requirements for listing on Oslo Stock

Exchange. We expect that a listing on the main list at Oslo Stock Exchange

will further accelerate the overall growth of our company, attract, and secure

a more flexible and even broader investor base that will support Lifecare in

reaching our growth targets. We also expect that an uplisting will increase

share liquidity and strengthen the profile of Lifecare, says Holter.

About us

Lifecare AS is a clinical stage medical sensor company developing technology

for sensing and monitoring of various body analytes. Lifecare's main focus is

to bring the next generation of Continuous Glucose Monitoring ("CGM") systems

to market. Lifecare enables osmotic pressure as sensing principle, combined

with the ability to manipulate Nano-granular Tunnelling Resistive sensors

("NTR") on the sensor body for read-out of pressure variations. Lifecare's

sensor technology is referred to as "Sencell" and is suitable for identifying

and monitoring the occurrence of a wide range of analytes and molecules in the

human body and in pets.

Contacts

For further information, please contact:

Joacim Holter, CEO, Lifecare AS, joacim.holter@lifecare.no, +47 40 05 90 40

Asle Wingsternes, Head of Communications & Public Affairs,

asle.wingsternes@lifecare.no, +47 41 61 42 52