XXL ASA Completes Rights Issue to Bolster Financial Position

XXL ASA ( (GB:0R3P) ) just unveiled an announcement.

XXL ASA has completed a fully underwritten rights issue, resulting in the issuance of 60,000,000 new shares to increase its share capital. This move, registered with the Norwegian Register of Business Enterprises, aims to settle fees to underwriters and bridge loan guarantors, potentially strengthening the company’s financial position and market operations.

More about XXL ASA

XXL ASA is a leading sports retailer operating in Norway, Sweden, and Finland, recognized as the largest among major sports retailers in the Nordics. The company offers a wide range of products for sports, hunting, skiing, biking, and other outdoor activities, focusing on providing a one-stop shop experience with the largest stores, best prices, and widest assortment of branded goods.

YTD Price Performance: 56.48%

Average Trading Volume: 2,636

Technical Sentiment Consensus Rating: Buy

Current Market Cap: NOK1.18B

See more insights into 0R3P stock on TipRanks’ Stock Analysis page.