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Observe Medical ASA ( (DE:OM50) ) has issued an announcement.
Observe Medical ASA has increased its share capital by issuing 6,000,000 new shares to Jiangsu Hongxin Medical Technology Co. Ltd as part of a private placement. This move, involving a debt transfer agreement, is aimed at strengthening the company’s financial position and enhancing its market presence. The new shares will be registered separately until a prospectus is approved and published, after which they will be tradable on Euronext Expand Oslo.
More about Observe Medical ASA
Observe Medical is a Nordic medtech company focused on developing, marketing, and selling innovative medical technology products globally. The company specializes in urine measurement and ultrasound technologies, aiming to enhance patient welfare, clinical data accuracy, and health economics. Headquartered in Oslo, Norway, Observe Medical leverages its expertise in sales and commercialization, along with strategic mergers and acquisitions, to drive growth.
Average Trading Volume: 241,047
Current Market Cap: NOK18.68M
See more data about OM50 stock on TipRanks’ Stock Analysis page.