Pryme N.V. announces that it has entered into subscription agreements with certain investors for 15,367,044 common shares at a price of NOK 11 per common share for the gross proceeds of NOK 169,037,484 on March 21, 2023. The transaction included participation from certain insider investors. The company and the subscribers will be subject to a six month lock-up obligation, subject to customary exceptions.

The transaction is subject to shareholder approval in extraordinary general meeting, regulatory approval and Norwegian Central Securities Depository approval. The transaction is expected to close on April 19, 2023 and delivery of the offered shares on April 21, 2023