UPDATE Feb. 6: Ovzon AB completed a directed-share issue of 4.49 million new shares in its stock, raising about 200 million Swedish krona ($19 million) to help finance the increased costs of its Ovzon-3 satellite. The capital raise was a condition of its newly increased loan from P Capital Partners.
Ovzon said the share issue, which will result in an 8.1% dilution for existing shareholders, will be put to a vote on March 3.
The company said it has committed to refrain from any further capital increases for 180 days after the . . .
To view the entire article, become a subscriber!
