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Cinis Fertilizer AB ( (SE:CINIS) ) has provided an announcement.
Cinis Fertilizer AB held an Extraordinary General Meeting where shareholders approved a rights issue to increase share capital and authorized the board to issue new shares, warrants, and convertibles. This move aims to provide the company with the flexibility to raise capital and acquire assets, enhancing its operational capabilities and market positioning.
More about Cinis Fertilizer AB
Cinis Fertilizer is a Swedish green-tech company that produces environmentally friendly mineral fertilizer, specifically potassium sulphate (SOP). The company utilizes recycled waste streams from battery manufacturing and the pulp industry, employing a patented technology that consumes half the energy of traditional methods, resulting in a low carbon footprint product that supports sustainable agriculture.
Average Trading Volume: 136,644
Current Market Cap: SEK116M
See more insights into CINIS stock on TipRanks’ Stock Analysis page.