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Otovo Cancels Repair Offering Post Private Placement

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Otovo Cancels Repair Offering Post Private Placement

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An update from Otovo AS Class A ( (DE:89K) ) is now available.

Otovo ASA announced the cancellation of a subsequent repair offering following the private placement of shares at NOK 1.00 each. The decision was made as the company’s shares have been trading at or below the subscription price, allowing shareholders to mitigate dilution by purchasing shares on the market.

More about Otovo AS Class A

Otovo is a marketplace for homeowners seeking solar panel and battery installations. The company leverages proprietary technology to connect customers with local, high-quality energy installers through an automated bidding process, ensuring optimal pricing and service.

Average Trading Volume: 607,750

Current Market Cap: NOK232.4M

See more data about 89K stock on TipRanks’ Stock Analysis page.

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