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REC Silicon ASA ( (RNWEF) ) has provided an update.
REC Silicon ASA has secured approval from the Norwegian Financial Supervisory Authority for the prospectus underpinning its fully underwritten rights issue, targeting gross proceeds of NOK 972.6 million. The subscription period for the capital raise will run from 20 March to 7 April 2026, with Arctic Securities acting as manager and bookrunner.
The transaction marks a significant step in REC Silicon’s financing plans, strengthening its balance sheet as it pursues its strategy in high‑purity silicon gases for solar and electronics markets. By completing a sizeable, fully underwritten rights issue, the company reinforces investor backing and enhances its financial flexibility in a sector facing ongoing investment and competitiveness demands.
More about REC Silicon ASA
REC Silicon ASA is a Norway‑based producer of advanced silicon materials, specializing in high‑purity silicon gases for the global solar and electronics industries. Leveraging more than four decades of experience and proprietary technology, the company serves customers worldwide and is listed on the Oslo Stock Exchange under the ticker RECSI.
Average Trading Volume: 1,410,497
Current Market Cap: NOK1.45B
See more insights into RNWEF stock on TipRanks’ Stock Analysis page.