Circio Holding ASA - Application for additional warrants for the subscription of new shares by primary insider
Oslo, Norway 17 December 2024, Circio Holding ASA (OSE: CRNA) Reference is made to the stock exchange announcement on 4 December 2024 regarding commencement of the exercise period for Warrants from 4-18 December 2024 (the "Exercise Period").
Victor Levitsky, Chief Scientific Officer of Circio has on 17 December 2024 applied to be allocated an additional 83,333 Warrants, for the subscription of 83,333 New Shares in the Company at a price per New Share of NOK 0.60. The allocation of Warrants and private placement shares is subject to allocation by the board of directors of the Company.
On 13 December 2024, Victor Levitsky exercised a total of 46,800 Warrants, for the allocation of 46,800 New Shares in the Company at a price per New Share of NOK 0.60.
A total of 13,864,852 warrants (the "Warrants") were issued and registered with the Norwegian Register of Business Enterprises on 26 July 2024 in relation to the rights issue completed in July 2024. Each Warrant gives the holder a right to subscribe for one new share in the Company at an exercise price per share of NOK 0.60 during the exercise period (the "New Shares").