Brief: Combination To Combine With U.S Based Onvis
06/11/2025 06:18
Nov 6 (Reuters) - Otovo ASA OTOVO.OL: COMBINATION WITH ONVIS INC.; NEW CEO, NEW CAPITAL, TO REALIZE NEW STRATEGY COMBINATION VALUED AT NOK 445 MILLION WITH 60:40 OWNERSHIP SPLIT JOHN BERGER TO BECOME CEO OF COMBINED ENTITY PRIVATE PLACEMENT TO RAISE NOK 45-80 MILLION SEES COMBINED ENTITY TO REACH POSITIVE OPERATING CASH FLOW IN Q2 2026 CO'S CURRENT CEO ANDREAS THORSHEIM TO REMAIN AS CHIEF PRODUCT OFFICER Source text: ID:nObijbqsta Further company coverage: OTOVO.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))