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The latest announcement is out from poLight ASA ( (DE:3OL0) ).
poLight ASA announced the final results of its subsequent offering, issuing up to 19,122,933 new shares at a subscription price of NOK 2.69 per share. The allocation of shares, including those to primary insiders and their associates, was completed, fulfilling regulatory disclosure requirements. This offering is expected to impact poLight’s market operations and stakeholder interests by potentially enhancing its capital base and market positioning.
More about poLight ASA
poLight ASA, listed on the Oslo Stock Exchange, specializes in tunable optics technology with its flagship product, TLens®, which mimics the human eye experience in autofocus cameras. This technology is used in smartphones, wearables, barcode scanners, machine vision systems, and medical equipment. The company is headquartered in Tønsberg, Norway, and has a global presence with employees in several countries.
YTD Price Performance: -21.29%
Average Trading Volume: 553,380
Current Market Cap: NOK729M
Learn more about 3OL0 stock on TipRanks’ Stock Analysis page.