Desert Control AS to Increase Share Capital for Underwriting Fee Settlement
Desert Control AS announced on August 20, 2026, its resolution to increase share capital to settle an underwriting fee. This action is linked to a previously announced, fully underwritten rights issue.
Sandnes, Norway – Desert Control AS announced on August 20, 2026, its resolution to increase the company's share capital. The capital increase is intended to cover an underwriting fee associated with a previously announced, fully underwritten rights issue. This issue involves 256,172,241 new shares.
The company has previously issued several stock exchange announcements concerning the ongoing rights issue. The current resolution is a direct consequence of this process and its terms. Further details regarding the settlement of the underwriting fee are expected to be disclosed.
Desert Control AS focuses on solutions for land remediation and drought mitigation. The company's technology aims to transform sandy and arid soil into arable land using natural minerals.
The specifics of the share capital increase and the payment of the underwriting fee will be finalized as the company provides further information on the process's progression.