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Lokotech Group AS Raises NOK 139 Million in Successful Rights Issue

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Lokotech Group AS Raises NOK 139 Million in Successful Rights Issue

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

Lokotech Group AS has successfully completed a rights issue, raising approximately NOK 139 million through the allocation of 417,536,230 new shares. The funds will be used to advance the production of their proprietary Scrypt ASIC Miner, enhancing the company’s operational capabilities and market position. The rights issue saw significant participation from primary insiders and close associates, who subscribed for a substantial portion of the shares, indicating strong internal confidence in the company’s future prospects.

More about Harmonychain AS

Average Trading Volume: 2,270,676

Current Market Cap: NOK299.8M

Find detailed analytics on 7EW stock on TipRanks’ Stock Analysis page.

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