Desert Control AS: Final Day of Subscription Period in Fully Underwritten Rights Issue

Desert Control AS has announced that today is the final day for shareholders to subscribe to its fully underwritten rights issue. The company previously disclosed that the issue comprises 256,172,241 new shares.

The rights issue is aimed at existing shareholders and seeks to raise capital to fund the company's ongoing development and operational expansion. The terms of the issue have been previously approved, and it has secured full underwriting.

Desert Control's core business involves soil rehabilitation and drought mitigation technology, designed to enhance soil water retention and reduce erosion. The company aims to promote sustainable agriculture practices and combat desertification.

Further details on the subscription process or expected outcomes were not provided in the latest announcement, but it reiterated that all issue terms remain unchanged. The company is expected to release the final results of the rights issue following its conclusion.