As announced on March 9, 2026, Aker ASA ("Aker"), through a wholly owned subsidiary, participated in the Series C funding round in Nscale Global Holdings Ltd. (“Nscale”) alongside leading global investors. The Aker elements included (i) a cash investment of USD 350 million, (ii) the transfer of Aker’s 50 percent ownership interest in the Aker Nscale joint venture to Nscale, and (iii) full realization of the earn‑out mechanism. Aker has today completed these elements. As announced on March 9, 2026, following completion of Nscale’s Series C funding, Aker’s ownership in Nscale increases from 9.3 percent to approximately 23.9 percent on a fully diluted basis (approximately 27.3 percent of the share capital).

Further to this, as announced on March 16, 2026, Nscale has entered into an agreement to acquire American Intelligence & Power Corporation. Following both the completion of the acquisition, and the Series C funding round as described above, Aker’s ownership in Nscale is expected to be reduced to approximately 22.7 percent on a fully diluted basis (approximately 25.8 percent of the share capital).

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