Hexagon Composites Cancels Subsequent Share Offering After Successful Private Placement
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Hexagon Composites has announced the successful completion of a private placement of over 42 million new shares at NOK 14 each. However, due to the shares trading below the subscription price, the company will not proceed with a subsequent offering, allowing existing shareholders to buy shares at lower market prices. The company's stock has seen a year-to-date price performance of -71.74% and has a current market cap of NOK 3.22 billion.
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