Company Ekobot
Listings First North Sweden
Ticker EKOBOT
Market cap at time of publication 10,6 MSEK
Stock price at time of publication 0,696 SEK
Business Agtech farming robotics
Website https://www.ekobot.se/

ESGFIRE comment:

Ekobot yesterday (14/2 2024) announced that they have resolved to carry out a new share issue of a maximum of 30,492,634 shares with preferential rights for existing shareholders . Upon full subscription in the Rights Issue, the Company will receive issue proceeds of approximately SEK 18.3 million before issue costs. The Rights Issue is carried to secure the Company's continued development towards commercialisation. ESGFIRE is delighted and eagerly anticipating the outcome of this rights issue. Judging by the release ( Link to full release is found below) the company appears to have a very detailed plan on how to use the net proceeds which instills confidence. ESGFIRE hopes that the rights issue will be fully subscribed however we will have to await the full outcome before we are able to comment on the viability of the company's development moving forward.
It should also be noted that ESGFIRE released an extensive analysis initiating coverage yesterday on Ekobot (14/2) which can be found here: https://esgfire.com/en/all-posts/unleashing-the-green-revolution-ekobots-journey-to-becoming-a-market-leader/
 

The full press release can be found here:
https://www.ekobot.se/mfn_news/ekobot-resolves-on-a-rights-issue-of-shares-of-approximately-sek-18-3-million

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