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An announcement from Xplora Technologies AS ( (DE:86P) ) is now available.
Xplora Technologies AS has launched a NOK 150 million private placement of new shares at NOK 52 per share, engaging Nordea Bank Abp and Pareto Securities as managers. Net proceeds will bolster the balance sheet, finance the squeeze-out of remaining shares in Doro AB, reduce debt and support both organic and acquisition-driven growth initiatives.
Management and board members have pre-committed about NOK 4.55 million and agreed to six-month lock-ups, signalling confidence in the equity raise. The offer, directed at selected institutional and qualified investors under prospectus exemptions, deviates from shareholders’ pre-emptive rights, but the board argues a private placement is in shareholders’ common interest, with a potential subsequent repair offering contemplated for eligible existing investors.
More about Xplora Technologies AS
Xplora Technologies AS is a Norway-founded technology company that develops smart devices, services, and communication solutions for children, youth, and seniors. The company focuses on keeping families connected and safe, and pioneered the kids’ smartwatch category in Europe, now serving family needs from early childhood to later life.
Average Trading Volume: 103,500
Current Market Cap: NOK2.57B
For a thorough assessment of 86P stock, go to TipRanks’ Stock Analysis page.