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An update from Desert Control AS ( (DE:8KT) ) is now available.
Desert Control AS has announced a proposed fully underwritten rights issue to raise NOK 75 million, aimed at extending the company’s cash runway by 12-16 months. This funding will support core operations, working capital, and investments in production units and sales teams, subject to shareholder approval at an extraordinary general meeting.
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, improving soil health and crop yields. The company aims to combat desertification, soil degradation, and water scarcity, providing customized solutions for agriculture, forests, and green landscapes.
Average Trading Volume: 195,068
Current Market Cap: NOK220.4M
See more data about 8KT stock on TipRanks’ Stock Analysis page.