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The latest announcement is out from Desert Control AS ( (DE:8KT) ).
Desert Control AS has announced a fully underwritten rights issue to raise NOK 75 million through the issuance of 60,743,500 new shares. The rights issue aims to support the company’s mission of enhancing soil health and conserving water, with the subscription period ending on 24 September 2025. This financial move is expected to bolster Desert Control’s operations and strengthen its market position in sustainable agriculture and environmental solutions.
More about Desert Control AS
Desert Control is a company focused on developing innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. Their primary product, Liquid Natural Clay (LNC), transforms sandy soils to retain water and nutrients, thereby improving soil health, crop yields, and ecosystem vitality. The company aims to combat desertification, soil degradation, and water scarcity, providing customized solutions for agriculture, forests, and green landscapes.
Average Trading Volume: 427,624
Current Market Cap: NOK197.5M
Learn more about 8KT stock on TipRanks’ Stock Analysis page.