Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Otovo AS Class A ( (DE:89K) ) has provided an update.
Otovo ASA has expanded and reshaped its long-term incentive structure by issuing 11,455,000 new share options to 28 key employees, including a substantial grant to Chief Product Officer and primary insider Andreas Egge Thorsheim, while aligning the strike price of both new and existing options at NOK 1.00, in line with its recent capital raise. As part of a broader workforce restructuring in the fourth quarter of 2025, employees returned 6,100,999 previously unvested options, of which 4,412,109 were cancelled and 1,688,890 retained by the board for future use, leaving the company with a total of 21,942,891 outstanding options and signaling a renewed focus on incentivizing critical talent as Otovo pursues its strategic ambitions in AI-driven energy services.
More about Otovo AS Class A
Otovo is an AI-native energy services company operating in Europe and the United States, providing real-time equipment monitoring, rapid repairs, dependable power supply, and grid participation as a unified service for residential and commercial customers. Its Endurance AI platform continuously monitors installed equipment, automates everything from fault detection to resolution, and coordinates repairs around the clock, and the company is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO.
Average Trading Volume: 762,053
Current Market Cap: NOK515.4M
See more data about 89K stock on TipRanks’ Stock Analysis page.