EAM Solar ASA Proposes Urgent Capital Increase

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

EAM Solar ASA has convened an extraordinary general meeting to address its strained liquidity situation and propose a capital increase of NOK 10-25 million at NOK 0.01 per share, exclusively for existing shareholders. The company warns that without this equity injection to cover ongoing legal process expenses, it may seek court-assisted reconstruction by end of September 2024. The meeting will include proposals for capital reduction and expansion, with a published national prospectus detailing the terms.

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