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Observe Medical ASA ( (DE:OM50) ) has issued an announcement.
Observe Medical ASA has successfully completed a private placement of 72,890,000 new shares at NOK 0.50 each, raising NOK 36,445,000. The proceeds will be used to acquire remaining rights for the Unometer product family and support operational liquidity to achieve cash positivity. The placement includes significant participation from insiders and strategic partners, such as Navamedic ASA and Jiangsu Hongxin Medical Technology Co. Ltd., who have agreed to debt conversions, enhancing the company’s financial stability and operational flexibility. This strategic move is expected to strengthen Observe Medical’s market position and support its growth ambitions.
More about Observe Medical ASA
Observe Medical ASA operates in the medical technology industry, focusing on developing and commercializing innovative medical solutions. The company is known for its Unometer product family and aims to enhance patient care and hospital efficiency.
Average Trading Volume: 113,875
Current Market Cap: NOK21.57M
See more data about OM50 stock on TipRanks’ Stock Analysis page.