Desert Control AS reports final results of fully underwritten rights issue

Desert Control AS has published the final results of its fully underwritten rights issue. The Norwegian company, which develops solutions for combating desertification, conducted the issue to secure additional capital.

The rights issue, which was fully underwritten, saw substantial participation from investors. The company stated that the underwriting ensured that all offered shares were subscribed, either by investors or through the underwriters.

Details regarding the precise outcome of the issue, including the total amount raised, will be disclosed subsequently. The company had previously announced its intention for the rights issue, which involved the issuance of 256,172,241 new shares.

Desert Control AS focuses on improving soil water retention and preventing desertification using its proprietary technology. The company is listed on the Oslo Stock Exchange, and its efforts are particularly relevant in regions facing water scarcity and land degradation.