Desert Control AS Raises NOK 75 Million in Oversubscribed Rights Issue

Desert Control AS ( (DE:8KT) ) has shared an announcement.

Desert Control AS has successfully completed a fully underwritten rights issue, raising NOK 75 million through the issuance of 60,743,500 new shares. The rights issue was oversubscribed by approximately 41.11%, reflecting strong investor interest and confidence in the company’s mission to combat desertification and promote sustainable agriculture.

More about Desert Control AS

Desert Control develops innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. The company’s mission is to combat desertification, soil degradation, and water scarcity with its patented Liquid Natural Clay (LNC) technology, which transforms sandy soils to retain water and nutrients, improving soil health and crop yields.

Average Trading Volume: 488,963

Current Market Cap: NOK214.7M

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