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Ocean Sun AS ( (DE:OW7) ) just unveiled an announcement.
Ocean Sun AS has announced a private placement to raise between NOK 9-18 million by issuing new shares at NOK 2.00 each. The funds will support the company’s working capital, business development, and expansion efforts. The placement is structured to ensure efficient equity financing, with Norda ASA pre-committing to a significant portion of the shares, and is expected to be completed with minimal risk compared to a rights issue.
More about Ocean Sun AS
Ocean Sun AS operates in the renewable energy sector, focusing on the development and deployment of floating solar technology. The company aims to provide innovative solar solutions that can be utilized on water bodies, enhancing energy production efficiency and sustainability.
Average Trading Volume: 30,527
Current Market Cap: NOK54.4M
Learn more about OW7 stock on TipRanks’ Stock Analysis page.