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Elliptic Laboratories AS ( (DE:EIP) ) has provided an announcement.
Elliptic Laboratories ASA, a Norway-headquartered Edge AI company whose software-only virtual sensor platform is deployed in more than 500 million devices, focuses on efficient, on-device neural network execution to power privacy-preserving, low-energy sensing across diverse hardware and product categories. The company develops and owns all of its technology and IP in Norway and serves markets globally, including the USA, China, South Korea, Taiwan, and Japan.
The company has completed registration of the share capital increase related to the second tranche of its previously announced private placement, which raised gross proceeds of about NOK 60 million at NOK 2.85 per new share. Following this registration with the Norwegian Register of Business Enterprises, Elliptic Labs’ share capital stands at NOK 1,263,367.65 divided into 126,336,765 shares with a nominal value of NOK 0.01, formalizing the equity boost that strengthens its financial base and supports ongoing operations and growth initiatives.
More about Elliptic Laboratories AS
Elliptic Laboratories ASA is a global Edge AI company specializing in trusted, low-power on-device sensing solutions. Its AI Virtual Smart Sensor Platform delivers software-defined, always-on contextual awareness directly on devices, enabling adaptive, real-time sensing for a wide range of consumer and enterprise products while preserving privacy and minimizing power consumption.
Average Trading Volume: 507,830
Current Market Cap: NOK296.9M
See more data about EIP stock on TipRanks’ Stock Analysis page.