D Ledger Partners LLC has subscribed for newly issued shares and bought existing shares owned by DLTx.

DLT ASA has raised approximately NOK 24 million in gross proceeds through a private placement directed towards D Ledger Partners LLC consisting of (i) 2,179,370 newly issued shares, and (ii) the sale of 197,237 existing shares owned by the Company..

The Company intends to use the net proceeds from the Private Placement to accelerate growth through near-term opportunities such as expanding the recently announced Filecoin Storage provider venture and other general corporate purposes.

The subscription price in the Private Placement is NOK 10 per share. This represents a premium of 17,6 percent compared to the closing price on the Oslo Stock Exchange on 20 September.

DLTx is in ongoing discussions with D Ledger Partners LLC and other investors regarding other protocol based venture investments similar to deals DLTx has previously made.