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Desert Control AS ( (DE:8KT) ) has shared an announcement.
Desert Control AS has announced a fully underwritten rights issue to raise NOK 75 million by issuing 60,743,500 new shares. This move is expected to strengthen the company’s financial position, allowing it to further its mission of combating desertification and enhancing agricultural sustainability. The rights issue includes significant participation from primary insiders, indicating strong internal confidence in the company’s future prospects.
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, improving 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: 488,963
Current Market Cap: NOK214.7M
Learn more about 8KT stock on TipRanks’ Stock Analysis page.