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Archer Limited Announces Successful Private Placement and Potential Subsequent Offering

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Archer Limited Announces Successful Private Placement and Potential Subsequent Offering

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The latest update is out from Archer ( (ARHVF) ).

Archer Limited announced a successful private placement of 8,848,000 new shares and a potential subsequent repair offering of up to 2,212,000 new shares. The subsequent offering is aimed at existing shareholders who were not part of the initial placement, with conditions including corporate approvals and market price considerations. The company reserves the right to cancel the offering if shares trade below the subscription price.

More about Archer

Average Trading Volume: 109,515

Current Market Cap: NOK2.17B

For detailed information about ARHVF stock, go to TipRanks’ Stock Analysis page.

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