Arctic Securities acted as Sole Global Coordinator in relation to the fully underwritten rights issue of 12,857,142 new shares in Cxense ASA.
Through the rights issue, the company will receive gross proceeds of approx. NOK 90 million, which will be used to support the continued expansion of the business with sufficient working capital and growth capital. The rights received strong interest and was oversubscribed by 37%.
We thank Cxense for the vote of confidence and congratulate on the transaction.