Polight Closes $3.84M Investment, Plans Another $960K

Polight announces that it has raised approximately NOK 40M (approx $3.84M) through a private placement. The Private Placement took place through an accelerated bookbuilding process managed by ABG Sundal Collier ASA and Arctic Securities AS as joint bookrunners. The net proceeds from the Private Placement will be used to finance further growth of the Company and general corporate purposes.

The company also plans a subsequent offering of up to approximately NOK 10M at the same subscription price as in the Private Placement.