Hofseth Biocare ASA ( (HOFBF) ) has provided an update.
Hofseth BioCare ASA has engaged Novum Asset Management AG to explore issuing CHF-denominated unsecured bonds, potentially raising up to CHF 8 million from investors in Switzerland and Liechtenstein, with a three-year tenor. This move could enhance the company’s financial flexibility and support its strategic initiatives, potentially impacting its market positioning and stakeholder interests.
More about Hofseth Biocare ASA
Hofseth BioCare ASA is a Norwegian company specializing in consumer and pet health products. It focuses on sustainability and the optimal use of natural resources by upcycling salmon industry by-products into health-improving ingredients. These include ProGo®, OmeGo®, and CalGo®, which offer benefits such as improved iron metabolism, immune health, and bone and joint support. The company emphasizes scientific research and has developed partnerships leading to patented discoveries and potential therapeutics.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $93.5M
See more data about HOFBF stock on TipRanks’ Stock Analysis page.