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Tekna Holding ASA Completes Rights Issue to Raise NOK 300 Million

Story Highlights
  • Tekna Holding ASA specializes in high-purity metal powders for critical applications.
  • Tekna’s rights issue aims to raise NOK 300 million to support strategic initiatives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tekna Holding ASA Completes Rights Issue to Raise NOK 300 Million

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The latest announcement is out from Tekna Holding AS ( (DE:8VB) ).

Tekna Holding ASA announced the preliminary results of its fully underwritten rights issue, aiming to raise NOK 300 million through the issuance of 100,000,000 new shares at NOK 3.00 per share. The subscription period ended with approximately 90,329,855 shares subscribed, and the remaining shares will be covered by Arendals Fossekompani ASA as per the underwriting agreement. The final allocation of shares will be completed shortly, with payments due by 5 December 2025. This capital increase is expected to bolster Tekna’s financial position and support its strategic initiatives in the advanced materials sector.

More about Tekna Holding AS

Tekna Holding ASA is a leading provider of sustainable, advanced material solutions, headquartered in Sherbrooke, Canada. The company specializes in high-purity metal powders used in critical applications such as additive manufacturing across industries like aerospace, defense, medical, and consumer electronics. Tekna is also advancing in the market of advanced nanomaterials for the microelectronics sector and develops cutting-edge induction plasma systems for industrial research and production.

Average Trading Volume: 42,795

Current Market Cap: NOK689.2M

See more insights into 8VB stock on TipRanks’ Stock Analysis page.

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