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Cinis Fertilizer AB ( (SE:CINIS) ) has issued an announcement.
Cinis Fertilizer AB announced the final outcome of its Rights Issue, which was subscribed to approximately 50.9%, resulting in proceeds of approximately SEK 73.8 million. This capital raise, including a Directed Issue, aims to strengthen the company’s liquidity and secure working capital for the ramp-up of its production facility in Örnsköldsvik, providing a liquidity boost of approximately SEK 100.8 million.
More about Cinis Fertilizer AB
Cinis Fertilizer AB operates in the fertilizer industry, focusing on the production and distribution of fertilizers. The company is involved in enhancing agricultural productivity and sustainability through its products.
Average Trading Volume: 185,642
Current Market Cap: SEK265.4M
See more data about CINIS stock on TipRanks’ Stock Analysis page.