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Lokotech Group AS Completes Rights Issue, Raising NOK 139 Million

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Lokotech Group AS Completes Rights Issue, Raising NOK 139 Million

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Harmonychain AS ( (DE:7EW) ) has shared an update.

Lokotech Group AS has successfully completed a partially underwritten rights issue, resulting in the issuance of 417,536,230 new shares and raising approximately NOK 139 million in gross proceeds. This move increases the company’s share capital and introduces 54,908,272 new warrants, which are expected to be delivered to investors and underwriters by 3 June 2025, potentially strengthening the company’s market position.

More about Harmonychain AS

YTD Price Performance: -57.23%

Average Trading Volume: 2,665,535

Current Market Cap: NOK331.3M

Learn more about 7EW stock on TipRanks’ Stock Analysis page.

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