Desert Control AS: Preliminary Results in Fully Underwritten Rights Issue
Desert Control AS has announced preliminary results from its fully underwritten rights issue. The company is proceeding with next steps following the issuance.
Sandnes, Norway – Desert Control AS has released preliminary results concerning its fully underwritten rights issue. The offering involved the issuance of 256,172,241 new shares.
Details regarding the subscription rate or the total amount raised were not provided in the preliminary results. The company referred to previous stock exchange announcements related to the rights issue.
Desert Control AS focuses on technology aimed at improving soil quality and combating desertification. Their method utilizes special fertilizers to enhance water retention and soil fertility.
The company stated it will continue with its planned activities post-issuance. Further details on the subscription outcome and future plans are expected to be announced at a later date.