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
About ESGFIRE
ESGFIRE is an investment company and research firm that focuses on ESG companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018.
Contact details
Website: www.esgfire.com
Group CEO: Filip Erhardt
Email: Filip@esgfire.com (%20Filip@esgfire.com)
Telephone:+46701609605
Legal Disclaimer
This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such.
The author holds shares and/or other securities of these companies and the relevant
companies may or may not have paid the author for content posted on this website. This
may impact the content on the website. Because of the above, ESG Fire urges the visitors to always analyze all the posts critically in an objective manner, e.g., concerning the reliability of the relevant source and of what constitutes the authors’ personal interpretations. The visitor is hereby reminded that the post does, as set forth in the Post, contain interpretations, estimates, or opinions of the authors. This post was written by Filip Erhardt, at ESGFIRE, published on February 15[th], 2024.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for educational purposes only and are not to be interpreted as tips, financial advice or recommendations of any kind to either buy or sell any stocks.