Cimco Marine AB (publ) has resolved, subject to the approval by an extraordinary general meeting, to carry out a directed share issue of 65 MSEK
As communicated earlier, Cimco is in need for further funding in order to reach its target of producing 25 OXE units per week during 2017 and its financial targets for 2018. The Board of Cimco has resolved, subject to the approval by an extraordinary general meeting, to carry out a share issue of 65 MSEK directed to a number of strategic investors.Following Cimco's recent announcements, the Board made the assessment that securing debt financing would have slowed down the production ramp-up further. The Board has over the weekend carried out a book building process and identified a number of