May 1, 2022

Lightspace Technologies receives 2 million euros pre listing bridge funding

HansaMatrix associated company Lightspace Technologies (the Company) has currently attracted an aggregate pre listing bridge convertible loan of 2 million EUR (increased from previously reported 1250 thousand EUR) from business angels, existing shareholders and investment fund Ardelta. These investments will fund Lightspace Technologies to further develop products and start deliveries. Investor names, in accordance with the terms of the agreement, will not be disclosed.

The Management Board of Lightspace is pleased that the agreements confirm attractiveness of company to investments and the potential of augmented reality products produced in the company.

As recently reported, Lightspace Technologies on March 14, 2022 has started a listing process to become a public entity in North America on the Toronto TSX Venture Exchange. In this process, it is planned to attract investments of at least 10 million EUR from private investors, taking 7-8 months for the full listing process.

The Company will disclose further information about the listing process in accordance with the requirements of applicable law.

HansaMatrix through its subsidiary Lightspace Holding AS holds equity of 67.7% shares in the Company before dilution by pre listing bridge round and listing funding.