Arctic Securities acted as Joint Bookrunner in relation to the Private Placement in Magseis Fairfield ASA. Through the Offering, Magseis Fairfield raised gross proceeds of approx. USD 30 million which will be used for (i) working capital purposes, and (ii) to finance CAPEX related to, among others, Magseis Fairfield’s MASS III nodes.
Magseis Fairfield is a leading provider of ocean bottom seismic systems and services. The Marine Autonomous Seismic System "MASS" and the range of Fairfield Z-nodes combined with automated handling systems enables highly cost-efficient acquisition of data with exceptional quality. The Company is headquartered in Oslo, Norway and has offices in Norway, Sweden, UK, USA, Brazil and Singapore.
We are grateful for continued vote of confidence and congratulate on the successful transaction!