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Leclanche SA ( (CH:LECN) ) has issued an update.
Leclanché SA has announced an amendment to its Board of Directors’ proposal for a capital increase at the upcoming general meeting. The proposal involves increasing the company’s share capital by CHF 11,287,676.20 through an ordinary capital increase, with the issue price set within a specific range to align with the SEF Convertible Loan Agreements. This move is aimed at improving the company’s financial situation by converting debt into equity, which is expected to strengthen its balance sheet without providing additional advantages to SEF.
The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.
More about Leclanche SA
Leclanché is a leading provider of low-carbon energy storage solutions, specializing in lithium-ion cell technology. Founded in 1909 in Yverdon-les-Bains, Switzerland, the company is known for its innovation in battery and energy storage. Leclanché operates in three business units: Energy Storage Solutions, E-Mobility Solutions, and Specialty Battery Systems, and employs over 350 people across eight countries. It is listed on the Swiss stock exchange under the ticker symbol LECN.
Average Trading Volume: 99,537
Technical Sentiment Signal: Sell
Current Market Cap: CHF237.9M
See more data about LECN stock on TipRanks’ Stock Analysis page.