CompanyEkobot
ListingsFirst North Sweden
TickerEKOBOT
Market cap at time of publication9,8 MSEK
Stock price at time of publication0,642 SEK
BusinessAgtech farming robotics
Websitehttps://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

 

 

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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
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www.esgfire.com
Group CEO: Filip Erhardt
Email: 
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