(Oslo ,27 February 2023 )DLTx ASA ("DLTx ", OSE:DLTX ) announces that the Company has received at proposed indicative terms received for potential equity funding. As announced in the recently published Q4 interim financial report, the broad decline of token prices has severely impacted the financial results ofDLTX ASA ("DLTx ", the "Company", OSE:DLTX ) through 2022, and led to a negative cash flow from operating activities of approximatelyUSD 5 million during Q4 2022. The Company's position of cash and cash equivalents at the end of the quarter was approximatelyUSD 1.5 million , and the Company is therefore assessing various alternatives to strengthen its financial position. On this background,DLTx has received a proposal for indicative terms fromBlockchain Moon Acquisition Corp ("BMAQ"), for a potential equity funding ofDLTx with approximatelyUSD 5 million through the issuance of new shares inDLTx . The proposal is to issue 13,157,895 new shares in the Company at a fixed price per share ofNOK 3.95 , corresponding to a premium towards the prevailing market price of the Company's shares. A condition for completion of such investment will, among other things, be that the validity ofDLTx's business combination agreement with BMAQ shall be extended to21 December 2023 , fund-raising amongst the partners and co-sponsors of BMAQ and agreement on definitive documentation. The satisfaction of these conditions is currently uncertain, and completion of the investment is therefore uncertain. The term sheet provides that the use of proceeds from such investment shall include a payment to BMAQ ofUSD 954,000 for extension capital and funding of BMAQ until completion of the business combination agreement. The net proceeds toDLTx from such transaction will consequently be approximatelyUSD 4.046 million . The Company will continue to assess various financing options going forward, and will provide further information in due course. For further information, please contact:Roger Lund , VP Strategy, +47 95 16 11 13 AboutDLTx | www.dltx.comDLTx ASA ("DLTx ") is a vertically integrated technology company expanding Web 3 capabilities by deploying blockchain infrastructure at scale across major global industries. TheDLTx team is comprised of decentralists who believe in the new economy that's powered by cryptographic digital assets. TheDLTx team has been at the forefront of developing and launching several of the most important protocols in the blockchain space including Ethereum, developed the first blockchain investment fund in 2014, has built out massive scale mining infrastructure since 2015, and now operates the first publicly traded company focused on powering Web 3. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published byRoger Lund , VP Strategy, on 13:17,27 February 2023 .
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