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REC Silicon ASA ( (RNWEF) ) has shared an announcement.
REC Silicon ASA is moving to bolster its capital base through a fully underwritten rights issue of 4.08 billion new shares, targeting gross proceeds of NOK 972.6 million at a subscription price of NOK 0.2385 per share. The issue is directed at existing shareholders of record in mid-March 2026, who received transferable subscription rights that provide priority access to the discounted shares.
The subscription period for the capital raise expires at 16:30 CEST on 7 April 2026, after which any unused subscription rights will lapse without compensation, potentially diluting holders who do not participate. The transaction, managed and bookrun by Arctic Securities with Schjødt as legal adviser, is set to materially strengthen REC Silicon’s funding, with implications for its ability to invest in operations and maintain competitiveness in the solar and electronics materials value chain.
More about REC Silicon ASA
REC Silicon ASA is a Norway-headquartered producer of advanced silicon materials, supplying high-purity silicon gases to the global solar and electronics industries. Listed on the Oslo Stock Exchange under the ticker RECSI, the company leverages more than four decades of experience and proprietary technology to serve manufacturers in fast-growing clean energy and semiconductor markets.
Average Trading Volume: 1,448,738
Current Market Cap: NOK1.24B
Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page.