Xplora Drops Planned Follow-On Offering After Active Post-Placement Trading

Xplora Technologies AS ( (DE:86P) ) has provided an announcement.

Xplora Technologies has canceled a planned subsequent share offering that was to follow its NOK 150 million private placement completed at NOK 52 per share. The company had considered issuing up to 576,923 new shares at the same price, but this was contingent on post-placement trading conditions.

Following the placement, trading volume on Euronext Growth Oslo exceeded the size of the contemplated offering, with shares changing hands at or below the subscription price. The board concluded that existing shareholders had ample opportunity to offset dilution by buying shares in the market, and therefore decided against proceeding with the additional share issue.

More about Xplora Technologies AS

Xplora Technologies AS is a Norway-founded technology company that develops smart devices, services and communication solutions aimed at children, youth and seniors, helping families stay connected, safe and balanced. As a pioneer of the kids’ smartwatch category in Europe, it serves family needs from early childhood to later life through its Xplora and Doro brands, operating across leading European markets and North America and listed on Euronext Growth under the ticker XPLRA.

YTD Price Performance: 6.15%

Average Trading Volume: 162,035

Current Market Cap: NOK2.64B

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