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Observe Medical ASA ( (DE:OM50) ) has provided an announcement.
Observe Medical ASA has entered into an investment agreement with Songa Capital AS, involving the issuance of 20 million new shares at NOK 0.50 per share, raising NOK 10 million in gross proceeds. This private placement is contingent upon approval at an extraordinary general meeting scheduled for October 10, 2025, where the board proposes to increase the company’s share capital by NOK 8.4 million to complete the transaction. This strategic move is expected to bolster Observe Medical’s financial position and support its growth initiatives in the medtech industry.
More about Observe Medical ASA
Observe Medical is a Nordic medtech company headquartered in Oslo, Norway, specializing in the development, marketing, and sale of innovative medical technology products. The company focuses on improving patient welfare and outcomes, enhancing clinical data accuracy, and promoting positive health economics. Its product portfolio primarily includes urine measurement and ultrasound technologies, and it aims to grow through strategic sales, commercialization, mergers and acquisitions, and distribution partnerships.
Average Trading Volume: 230,072
Current Market Cap: NOK80.17M
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