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Desert Control AS ( (DE:8KT) ) has issued an update.
Desert Control AS has successfully completed a rights issue, raising NOK 75 million through the issuance of 60,743,500 new shares, which was oversubscribed by approximately 41.11%. This financial move is expected to bolster the company’s operations and strengthen its market position in providing sustainable solutions for soil health and water conservation.
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 while conserving water. The company aims to combat desertification, soil degradation, and water scarcity, offering customized solutions for agriculture, forests, and green landscapes.
Average Trading Volume: 493,096
Current Market Cap: NOK225.5M
See more insights into 8KT stock on TipRanks’ Stock Analysis page.