August 22, 2025
Huddly AS – Key information relating to potential subsequent offering
Oslo, 22 August 2025: Reference is made to the stock exchange notice by Huddly AS ("Huddly" or the "Company") on 22 August 2025 regarding the successful completion of a private placement of 5,526,544 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 11.00 per new share (the "Offer Price"), with gross proceeds of NOK 60,791,984 (the "Private Placement"), and a potential subsequent share offering (the "Subsequent Offering").
To limit the dilution of existing shareholders not participating in the Private Placement, the Board has resolved to propose that an extraordinary general meeting in the Company expected to be held on or about 8 September 2025 (the "EGM") gives the Board authorization to resolve the Subsequent Offering of up to 1,818,181 new shares directed towards the Company's existing shareholders as of 22 August 2025 (as registered in the VPS two trading days thereafter, i.e. on 26 August 2022) who (i) ) hold less than 1.00% of the current shares outstanding in the Company (rounded to the nearest two decimal points), (ii) were not allocated Offer Shares in the Private Placement, and (iii) are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar (the “Eligible Shareholders”). The subscription price in the Subsequent Offering will be equal to the Offer Price. Oversubscription with subscription rights and subscription without subscriptions rights will be allowed.
The Subsequent Repair Offering is subject to (i) completion of the Private Placement; (ii) approval by the EGM to authorize the Board to issue new shares in the Subsequent Repair Offering and the Board resolving a share capital increase to issue these new shares and (iii) the publication of an offering prospectus pertaining to the Subsequent Repair Offering. The Board may decide that the Subsequent Repair Offering will not be carried out if the Company's shares trade at or below the subscription price in the Subsequent Offering (i.e. the Offer Price) at sufficient volumes.
In accordance with the continuing obligations of companies listed on Euronext Growth Oslo, the following key information is given with respect to the Subsequent Offering:
- Date on which the terms and conditions of the Subsequent Offering were announced: 22 August 2025
- Last day including right to receive subscription rights: 22 August 2025
- Ex-date: 25 August 2025
- Record Date: 26 August 2025
- Date of approval: On or about 8 September 2025 (date of extraordinary general meeting expected to authorise the Company`s board of directors to issue shares in the Subsequent Offering)
- Maximum number of new shares: 1,818,181
- Subscription price: NOK 11.00
Contacts
For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Oslo Rule Book - Part II.