HansaMatrix's associated company Lightspace Technologies (the Company) has currently attracted an aggregate investment in form of convertible loan of 1250 thousand EUR (previously reported 800 thousand EUR) from Estonian and Danish business angels and existing shareholders. These investments will help Lightspace Technologies to further develop existing and new products.

The names of investors, in accordance with the terms of the agreement, are not disclosed.

The Management Board of Lightspace is pleased that the agreements confirm the ability of the company's team to attract investments and the ability to convince investors about the potential of augmented reality products produced in the company.

As recently reported, Lightspace Technologies on March 14, 2022 has started a listing process to become a public entity in North America on the Toronto TSX Venture Exchange. In this process, it is planned to attract investments of at least 10 million USD from private investors, taking 7-8 months for the full listing process.

The Company will disclose further information about the listing process in accordance with the requirements of applicable law.

HansaMatrix through its subsidiary Lightspace Holding AS holds equity of 67.7% shares in the Company before dilution by pre listing bridge round and listing funding.

Investor and media contact:

Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com
http://www.hansamatrix.com
 

Girts Zile
Finance Director
Phone: (+371) 6780 0009
E-mail: girts.zile@lightspace3d.com
https://www.lightspace3d.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business segments.

About LLC “Lightspace Technologies”

Lightspace Technologies is a Deep Tech company with its own R&D laboratories, industrialization and fabrication facilities developing key technologies for the next generation of augmented reality. A global leader in volumetric, multi-focal and holographic technologies that add true sense of reality.