Argeo AS ( (DE:8W20) ) just unveiled an update.
Argeo AS has completed a private placement of new shares, raising NOK 150 million, and plans a subsequent offering to raise an additional NOK 96 million by issuing up to 12 million new shares. This move aims to mitigate the dilution of existing shareholders and strengthen Argeo’s financial position as it continues to innovate within the ocean surveying industry, potentially impacting its market dynamics and stakeholder interests. The subsequent offering is subject to market conditions and board approvals.
More about Argeo AS
Argeo AS is an offshore service company that specializes in transforming the ocean surveying and inspection industry through the use of autonomous surface and underwater robotics solutions. These solutions are equipped with unique sensors and advanced digital imaging technology, designed to increase efficiency and imaging quality while significantly reducing CO2 emissions. The company offers highly accurate digital models and digital twin solutions based on geophysical, hydrographic, and geological methods for various market segments including Oil & Gas, Renewables, Marine Minerals, and Offshore Installations. Argeo, established in 2017, has offices in Asker, Tromsø, Stockholm, Houston, and Singapore, and is listed on the Euronext Oslo Børs.
YTD Price Performance: 22.78%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €45.17M
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