Brief: Teco 2030 Raises NOK 100 Mln Through Private Placement, Convertible Loan

Teco 2030 ASA

14/11/2022 06:04

Nov 14 (Reuters) - Teco 2030 ASA  TECO.OL :
    * TECO 2030 RAISES APPROX. NOK 100 MILLION THROUGH A PRIVATE
PLACEMENT AND CONVERTIBLE LOAN
    * 13,443,875 NEW SHARES WILL BE ISSUED AT A PRICE OF 5.42
NOK PER
SHARE
    * HAS RAISED ABOUT NOK 70 MILLION ($7 MILLION) VIA PRIVATE
PLACEMENT, ABOUT NOK 30 MILLION ($3 MILLION)  IN SECURED
CONVERTIBLE LOAN FROM STRATEGIC U.S. BASED HYDROGEN INVESTOR

Source text for Eikon:  ID:nObiH4BWZa 
Further company coverage:  TECO.OL 
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