OBSERVE MEDICAL – FINANCING AND COST REDUCTION ACTIVITIES
Oslo, July 4, 2023 - Observe Medical ASA ("Observe Medical" or the "Company") refers to its stock exchange notices dated 14 December 2022 and 23 March 2023, concerning, among other things, its financing plans. The stock exchange notice of 14 December 2022 concerned the proposed issuance of a NOK 30-50 million bond loan in the first quarter of 2023, which was planned to be followed by a NOK 100-150 million equity issue around mid-year 2023. The net proceeds from these transactions were planned to finance potential acquisitions of the Unometer urine measurement product range and the