Brief: Desert Control: Finalization Of Strategic Review Process For Middle East

Desert Control AS

03/07/2023 07:34

July 3 (Reuters) - Desert Control AS  DSRT.OL :
    * DESERT CONTROL ANNOUNCES FINALIZATION OF STRATEGIC REVIEW
PROCESS FOR THE MIDDLE EAST
    * STRATEGIC REVIEW PROCESS HAS STRENGTHENED DESERT CONTROL'S
FINANCIAL POSITION, ENABLING COMPANY TO MINIMIZE SHORT-TERM
DILUTIVE CAPITAL RAISES WHILE EXTENDING FINANCIAL RUNWAY
    * BOARD OF DIRECTORS ARE PLEASED WITH OUTCOME OF STRATEGIC
REVIEW
    * STRONGER FINANCIAL POSITION COMBINED WITH AN IMPROVED
FOUNDATION
TO DRIVE LNC ADOPTION IN MIDDLE EAST WILL ALLOW COMPANY TO
ACCELERATE ITS UNITED STATES BUSINESS, POISING COMPANY FOR
CONTINUED GROWTH AND CREATION OF LONG-TERM SHAREHOLDER VALUE

Source text for Eikon:  ID:nObipD67na 
Further company coverage:  DSRT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))