CrayoNano AS: Final result of Subsequent Offering


Trondheim, 6 June 2023: Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 22 May 2023 regarding the start of the subscription period in the subsequent offering of up to 1,785,714 new shares (the "Offer Shares") at a subscription price of NOK 14.00 per share (the "Subsequent Offering") and the press release of 5 June 2023 regarding last day of the subscription period.

The subscription period for the Subsequent Offering expired on Monday 5 June 2023 at 16:30 CEST and the final counting shows that the Company received subscriptions for a total of 194,859 Offer Shares from eligible shareholders during the subscription period.

Allocation of the Offer Shares in the Subsequent Offering has now been completed by the board of directors of the Company (the "Board") on basis of the allocation criteria as determined by the Board on 15 May 2023 and as set out in the prospectus prepared in connection with the Subsequent Offering dated 15 May 2023 (the "Prospectus"). A total of 194,859 Offer Shares have been allocated, raising gross proceeds of NOK 2,728,026.

As a consequence of the allocation of Offer Shares resolved by the Board today, the Company's share capital will be increased with NOK 3,897.18 through the issuance of 194,859 Offer Shares, each with a par value of NOK 0.02. Following the registration of the Offer Shares, the Company's issued share capital will be NOK 750,489.92 divided into 37,524,496 shares, each with a par value of NOK 0.02.

Notifications of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today, 6 June 2023. Payment for the allocated Offer Shares falls due on 9 June 2023 in accordance with the payment procedures described in the Prospectus.

The Offer Shares may not be transferred or traded until they are fully paid and the share capital increase pertaining to the Offer Shares is expected to be registered in the Norwegian Register of Business Enterprises on or about 30 June 2023, depending on timely payment of the Offer Shares by the subscribers and the case handling time, and will be delivered to the VPS accounts of the subscribers shortly thereafter. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.

DNB Markets, a part of DNB Bank ASA and SpareBank 1 Markets AS are acting as managers for the Subsequent Offering. Advokatfirmaet Wiersholm is acting as legal counsel to CrayoNano.

For further information, please contact:

Jo Uthus, CEO

Tel: + 47 47 38 06 34


Jens Kielland, CFO

Tel: + 47 95 81 55 81


About CrayoNano AS

Founded in 2012, CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway, CrayoNano has expanded with a branch in Taiwan and supporting customers globally with sales representatives in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext NOTC in Norway under the ticker “CNANO”.

Important notice:

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 as amended (together with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict, and are beyond their control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

Neither the Managers nor any of their affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their affiliates accepts any liability arising from the use of this announcement.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.