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Observe Medical ASA ( (DE:OM50) ) has provided an announcement.
Observe Medical ASA has strengthened its strategic partnership with Jiangsu Hongxin Medical Technology Co. Ltd by issuing 6,000,000 shares to Jiangsu, enhancing liquidity to accelerate the commercial rollout of UnoMeter. This move is part of a broader private placement raising NOK 36,445,000, which will increase the company’s share capital and potentially impact its market positioning by expanding its shareholder base and financial resources.
More about Observe Medical ASA
Observe Medical is a Nordic medtech company that develops, markets, and sells innovative medical technology products globally. The company focuses on improving patient welfare, clinical data accuracy, and health economics through its portfolio, which includes urine measurement and ultrasound products. Headquartered in Oslo, Norway, Observe Medical collaborates with leading distributors to provide solutions for healthcare professionals worldwide.
Average Trading Volume: 224,955
Current Market Cap: NOK25.61M
For detailed information about OM50 stock, go to TipRanks’ Stock Analysis page.