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Lifecare AS ( (DE:LFC0) ) has shared an update.
Lifecare ASA has completed a reduction of the par value of its shares to NOK 0.10, a move formally registered with the Norwegian Register of Business Enterprises, resulting in a new share capital of NOK 1,906,097.30 divided into 19,060,973 shares. The capital restructuring is intended to facilitate the subscription of shares and the exercise of warrants in connection with a partially underwritten rights issue, supporting the company’s ongoing financing efforts as it advances its medical sensor and continuous glucose monitoring technologies.
More about Lifecare AS
Lifecare ASA is a medical sensor company developing technology for sensing and monitoring various body analytes, with a primary focus on bringing next-generation continuous glucose monitoring systems to market. The company’s osmotic pressure-based sensor technology is designed for identifying and monitoring a wide range of analytes and molecules in humans and pets, positioning Lifecare within the advanced medical diagnostics and digital health monitoring segment.
Average Trading Volume: 116,752
Current Market Cap: NOK68.62M
Learn more about LFC0 stock on TipRanks’ Stock Analysis page.