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An announcement from Cinis Fertilizer AB ( (SE:CINIS) ) is now available.
Cinis Fertilizer AB has announced the resolution of two set-off issues of shares to bondholders, aimed at strengthening the company’s liquidity and capital structure. By converting interest and structuring fees into shares, Cinis is reducing its indebtedness and enhancing its financial position, resulting in a 29.1% dilution of votes and capital. This strategic move reflects the company’s focus on maintaining market competitiveness and financial stability.
More about Cinis Fertilizer AB
Cinis Fertilizer is a Swedish greentech company specializing in the production of environmentally friendly mineral fertilizer, potassium sulphate (SOP), by recycling residual streams from battery and pulp industries. The company’s patented technology significantly reduces energy consumption and carbon footprint, contributing to sustainable agriculture.
Average Trading Volume: 186,093
Current Market Cap: SEK238.9M
Find detailed analytics on CINIS stock on TipRanks’ Stock Analysis page.