Capitalizing for a Greener Future: Desert Control's Momentum Strengthened by Successful Funding Round with U.S. Lead Investor and Growing Commercial Traction
Desert Control (OSE: DSRT) closed Q3-2023 with an announcement of completing a capital raise of NOK 67.50 Million on 28 September 2023 . This achievement follows a recent strategic review that unlocked approx. NOK 40 Million in liquidity combined with reductions in annual operating costs of more than NOK 15 Million. The combined accomplishments secure funding for the company's commercialization phase through to H1-2025, correlating with the anticipated timeline for reaching cashflow-positive operations.Desert Control reports a strengthened