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REC Silicon ASA ( (RNWEF) ) just unveiled an announcement.
REC Silicon ASA, a Norwegian producer of high-purity silicon gases for the solar and electronics sectors, operates globally from its headquarters in Lysaker and is listed on the Oslo Stock Exchange. The company leverages decades of technological expertise to support advanced manufacturing in fast-growing clean energy and semiconductor value chains.
REC Silicon has outlined key terms for a fully underwritten rights issue aiming to raise NOK 972.6 million through the issuance of up to 4,078,000,000 new shares at a subscription price of NOK 0.2385. Existing shareholders will receive tradable subscription rights on Euronext Oslo Børs, with completion subject to approval at an extraordinary general meeting and clearance of a prospectus by the Norwegian regulator, underscoring a significant recapitalisation move for the company and its investors.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, specializing in high-purity silicon gases supplied to the global solar and electronics industries. Leveraging more than 40 years of experience and proprietary technology, the company serves customers worldwide and is listed on the Oslo Stock Exchange under the ticker RECSI, with its headquarters in Lysaker, Norway.
Average Trading Volume: 535,172
Current Market Cap: NOK181.5M
Learn more about RNWEF stock on TipRanks’ Stock Analysis page.