Desert Control AS Allocates Rights Issue Shares to Insiders
Desert Control AS has allocated shares from its fully underwritten rights issue to primary insiders and their close associates. The issue involved the creation of 256,172,241 new shares.
Sandnes, Norway – August 11, 2026 – Desert Control AS announced today the allocation of shares from its recent fully underwritten rights issue. The distribution specifically targeted primary insiders and their closely associated parties.
The rights issue resulted in the issuance of 256,172,241 new shares. This allocation is a key step following the company's previous announcements regarding the launch and terms of the capital raise.
Further details concerning the specific terms and the exact distribution to these insider groups were made available in prior stock exchange notifications. The company confirmed the completion of the rights issue through this share allocation.
Desert Control AS develops and markets technology aimed at improving soil quality and water retention. Its business model is centered on agricultural applications and land regeneration, with capital raises serving as a means to fund expansion and development.