Zelluna ASA cancels planned repair offering amid market conditions

Zelluna ASA announced today, December 9, 2025, the cancellation of its planned subsequent repair offering. This offering was initially intended to mitigate dilution for shareholders following a private placement, which was disclosed on November 3, 2025.

The board of directors resolved not to proceed, attributing the decision to Zelluna's shares having traded at or below the private placement's subscription price for an extended period and at sufficient volumes. This market activity provided an alternative avenue for shareholders to acquire shares at a price equivalent to or lower than the potential subscription price of the subsequent offering.

Shareholders wishing to reduce the dilutive effect of the private placement have, therefore, already had the opportunity to purchase shares in the market. Contact information for Zelluna's chief executive, Namir Hassan, and chief financial officer, Hans Vassgård Eid, was provided for further inquiries.