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Desert Control AS ( (DE:8KT) ) just unveiled an update.
Desert Control AS has announced a fully underwritten rights issue to raise NOK 75 million through the issuance of 60,743,500 new shares. This initiative aims to strengthen the company’s financial position and support its mission to combat desertification and improve soil health. The subscription rights for existing shareholders will be tradable on Euronext Growth Oslo, and the underwriting is supported by key shareholders and new investors, indicating strong backing for the company’s strategic goals.
More about Desert Control AS
Desert Control develops innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. The company’s mission is to combat desertification, soil degradation, and water scarcity. Their patented Liquid Natural Clay transforms sandy soils to retain water and nutrients, improving soil health and crop yields while conserving water.
Average Trading Volume: 410,261
Current Market Cap: NOK237M
Learn more about 8KT stock on TipRanks’ Stock Analysis page.