Otovo Private Placement of 358m and Euronext Growth listing

Arctic Securities acted as Sole Global Coordinator and Bookrunner in relation to the Private Placement in Otovo and subsequent listing on Euronext Growth Oslo with a total transaction size of NOK 358 million

Arctic Securities acted as Sole Global Coordinator and Bookrunner in relation to the Private Placement in Otovo and subsequent listing on Euronext Growth Oslo with a total transaction size of NOK 358 million. The proceeds from the transaction will be used to bring Otovo’s current markets to profitability, new market entries and general corporate purposes. The offering attracted very strong interest from high-quality institutional investors as well as from existing shareholders and was multiple times oversubscribed. The first day of trading on Euronext Growth Oslo is expected to be on or about 19 February 2021. We are grateful for the vote of confidence and congratulate on the successful transaction.

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    Cavendish Hydrogen ASA - Prospectus

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