Hexagon Composites Cancels Subsequent Share Offering After Successful Private Placement

Tip Ranks
2025.09.22 15:32
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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.

Hexagon Composites ( (HXGCF) ) has shared an announcement.

Hexagon Composites 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 decided not to proceed with a subsequent offering, allowing existing shareholders to purchase shares at lower market prices.

More about Hexagon Composites

Hexagon Composites is a company that provides safe and innovative solutions for a cleaner energy future. Their offerings enable the storage, transportation, and conversion to clean energy across various mobility and industrial applications.

YTD Price Performance: -71.74%

Average Trading Volume: 2,903,867

Current Market Cap: NOK3.22B

See more insights into HXGCF stock on TipRanks’ Stock Analysis page.

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