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The latest update is out from Nordic Semiconductor ASA ( (GB:0FF9) ).
Nordic Semiconductor ASA has successfully completed a private placement, raising approximately USD 100 million by issuing 7,000,000 new shares at NOK 150 each. The proceeds will be used to refinance a USD 100 million bridge loan following strategic acquisitions, ensuring a solid cash position and flexibility to support the company’s strategy and financial targets. The private placement deviates from existing shareholders’ preemptive rights but is considered beneficial for the company and its shareholders due to its efficient capital-raising structure and limited dilution.
The most recent analyst rating on (GB:0FF9) stock is a Hold with a NOK145.00 price target. To see the full list of analyst forecasts on Nordic Semiconductor ASA stock, see the GB:0FF9 Stock Forecast page.
More about Nordic Semiconductor ASA
Nordic Semiconductor ASA is a leading company in the ultra-low power wireless solutions industry, offering Bluetooth low energy, multiprotocol products, and long-range cellular IoT solutions. The company serves a growing market that includes consumer electronics, wearables, building and retail, healthcare, and other applications. It is publicly listed on the Oslo stock exchange in Norway.
Average Trading Volume: 660,334
Current Market Cap: NOK29.73B
For a thorough assessment of 0FF9 stock, go to TipRanks’ Stock Analysis page.