EAM Solar ASA Plans Major Equity Expansion

EAM Solar ASA (DE:EA2) has released an update.

EAM Solar ASA is undertaking a significant equity expansion to secure its operations, with plans to issue up to 250 million new shares at NOK 0.10 each. The company’s financial performance shows a slight improvement in adjusted EBITDA despite ongoing legal costs. A reinstated solar power subsidy and an ongoing legal appeal are key developments impacting its financial outlook.

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