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The latest announcement is out from EAM Solar ASA ( (DE:EA20) ).
EAM Solar ASA has announced a rights issue to raise up to NOK 20 million through the issuance of 20 million new shares at a subscription price of NOK 1.0 per share. The success of this rights issue is contingent upon raising at least NOK 7,649,740 in gross proceeds, and if unsuccessful, all subscriptions and rights will lapse without compensation, potentially impacting the company’s capital acquisition strategy.
More about EAM Solar ASA
EAM Solar ASA operates in the renewable energy sector, focusing on the development and management of solar power plants. The company is involved in generating and selling electricity derived from solar energy, contributing to sustainable energy solutions.
Average Trading Volume: 2,395
Technical Sentiment Signal: Sell
Current Market Cap: €2.48M
For a thorough assessment of EA20 stock, go to TipRanks’ Stock Analysis page.