Wikborg Rein has assisted on private placement in Elop

We have assisted Fearnley Securities and Pareto Securities in connection with a private placement of new shares in Elop AS.

The private placement consisted of an allocation of 25 million new shares, raising gross proceeds of NOK 100 million. The private placement was conducted as an overnight accelerated book building process.

The Wikborg Rein team comprised Maria Heiberg Styrvold, Camilla Perona Fjeldstad, Karoline Stock Evje and Ole Henrik Wille, with great support from Cecilie Andersen Haadem, Emil Wettre Vestheim and Oda Grøner on the due diligence.

Elop is a Norwegian holding company with two operating subsidiaries. Elop Technology develops tools and digital solutions to inspect, monitor and manage infrastructure worldwide using patented ultrasound technology. Through data-driven and AI-based solutions for inspection and predictive maintenance of concrete infrastructure, the vision is to provide asset owners with solutions that improve safety, extend asset lifetime, minimise total lifecycle cost and environmental footprint. Simplifai offers automation solutions using artificial intelligence.

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