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An update from Desert Control AS ( (DE:8KT) ) is now available.
Desert Control AS has announced the conclusion of its rights issue, which involved the issuance of 60,743,500 new shares to raise NOK 75 million. This move is expected to bolster the company’s financial position, enabling further development and deployment of its soil and water conservation technologies, potentially strengthening its market position and impact on stakeholders in the environmental sustainability sector.
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 to ensure a climate-resilient future.
Average Trading Volume: 492,998
Current Market Cap: NOK225.5M
See more data about 8KT stock on TipRanks’ Stock Analysis page.