Hexagon Composites Initiates Private Share Placement

Hexagon Composites (HXGCF) has released an update.

Hexagon Composites ASA has launched a private placement of shares to raise NOK 300 million, with the subscription price to be set after a book-building process. The funds will enhance strategic acquisitions, growth in its Agility sector, support for Hexagon Purus, maintain debt levels, and for general corporate purposes. The placement, managed by DNB Markets, will target qualified investors, with the book-building period starting 20 August 2024 and potentially closing the following day.

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