Polight ASA

poLight ASA: Share capital increase registered

Reference is made to previous stock exchange announcements from poLight ASA

("poLight" or the "Company") regarding the partially underwritten rights issue

of minimum 56,313,623 new shares and maximum 69,305,075 new shares (the "Offer

Shares") in the Company, to raise gross proceeds of up to NOK 160 million (the

"Rights Issue"), of which an underwriting consortium had agreed to underwriter

subscription of Offer Shares for gross proceeds of NOK 130 million. Reference is

further made to the stock exchange notice published on 14 May 2024 regarding a

resolution to increase the share capital for settlement of underwriting

commission to certain of the underwriters through the issuance of 2,928,299 new

shares (the "Fee Shares") to the underwriters of the Rights Issue.

The share capital increases relating to the issuance of the Offer Shares and the

Fee Shares have now been registered with the Norwegian Register of Business

Enterprises. The share capital has been increased with NOK 2,536,402.28 through

the issuance of 63,410,057 new shares.

The new share capital is NOK 5,184,864.20 divided by 129,621,605 shares, each

with a par value of NOK 0.04.

The Offer Shares and Fee Shares are expected to be delivered to investors on or

about 22 May 2024. The Offer Shares and Fee Shares will be tradeable upon

delivery.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics

technology, leveraging its proprietary polymer and piezo MEMS technology.

Founded in 2005, its first product TLens® replicates "the human eye" experience

in autofocus cameras used in applications such as AR/MR devices, smartphones,

wearables, webcams and other consumer devices, industrial barcode scanners and

machine vision systems, and healthcare applications. With over 160 granted

patents, poLight's technology delivers extremely fast focus, small

footprint, ultra-low power consumption, no magnetic interference, and constant

field of view, enabling better imaging system performance and new user

experiences compared to alternative technologies. poLight is based in Horten,

Norway, with employees in Finland, France, UK, US, China, Taiwan, and the

Philippines. For more information, please visit https://www.polight.com.

AI Terminal