Ultinous Zrt

Irisity AB has completed the acquisition of 100% of the shares in Ultinous Zrt, a Swedish-Hungarian AI company specializing in Nvidia-based AI video analytics, for a consideration of SEK 45 million on a cash and debt free basis. The acquisition was financed through an in-kind issue of 9,000,000 new shares and a directed share issue of SEK 45 million from StockhornCapital AB.