Aqua Bio Technology ASA Secures NOK 24.2 Million in Private Placement

Aqua Bio Technology ASA ( (DE:3FZ) ) has provided an update.

Aqua Bio Technology ASA announced the successful placement of a conditional private placement, raising approximately NOK 24.2 million. This move is part of a larger strategy that includes a subsequent offering, with shares now trading exclusive of subscription rights. This financial maneuver is expected to enhance ABT’s market positioning and provide additional capital for its operations, potentially benefiting stakeholders by strengthening its financial foundation.

More about Aqua Bio Technology ASA

Aqua Bio Technology ASA (ABT) is a distribution group specializing in skincare and nonfood products. The company provides distribution services across B2C, B2B, and B2B2 markets, along with freight, customs, and logistics services. Additionally, ABT develops sustainable biotechnology for skincare products and is listed on the Euronext Expand market of the Oslo Stock Exchange.

YTD Price Performance: -18.82%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €5.43M

For detailed information about 3FZ stock, go to TipRanks’ Stock Analysis page.