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The latest update is out from Hofseth Biocare ASA ( (HOFBF) ).
Hofseth Biocare ASA has announced the initiation of a Subsequent Offering, following the completion of a private placement of new shares. This offering aims to raise approximately NOK 30 million by issuing up to 16,666,666 new Ordinary Shares. The offering is targeted at existing shareholders, with specific conditions and subscription rights outlined for participation. The move is expected to strengthen the company’s financial position and support its strategic initiatives, potentially impacting its market presence and stakeholder interests.
More about Hofseth Biocare ASA
Hofseth Biocare ASA operates in the biotechnology industry, focusing on the development and commercialization of high-value bioactive ingredients derived from fish. The company is known for its innovative products that cater to the health and nutrition markets.
Average Trading Volume: 97,890
Current Market Cap: NOK776.9M
Learn more about HOFBF stock on TipRanks’ Stock Analysis page.