• Ocean GeoLoop completed private placement of 72,000,000 new shares at NOK 0.5 each, raising NOK 36 million in gross proceeds.
• Net proceeds earmarked for working capital, general corporate purposes, development of a new business line.
• Founder Hans Gude Gudesen took NOK 13 million of shares, chairman Anders Onarheim via AB Investment took NOK 2 million, with additional allocations to Tigerstaden, Middelborg.
• NOK 11 million in bridge loans, interest of NOK 317,808, set for conversion into shares at NOK 0.5, subject to extraordinary general meeting expected around May 29.
• Share count set to rise to 124,715,477 following registration; settlement expected around June 2.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean-Geoloop AS published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.