Transfer of assets to Numascale complete, details on initial offering to shareholders in Dolphin
Effective on August 13, 2008, all assets, intellectual property, personnel and activities related to the development of NumaChip was transferred to Dolphin`s wholly owned subsidiary Numscale AS.The transfer was executed through a subscription for shares wherein Dolphin acquired 2,079,699 shares at a share price of NOK 10 against a total consideration of NOK 20,796,990.The total consideration consists of:Total value of IP and other assets:NOK 17,106,160Cash and paid expenses:NOK 3,690,830It was further resolved to execute an initial private offering of shares in Numscale to