ABG Sundal Collier acted as joint lead manager and bookrunner in the private placement of new shares in Magseis ASA

Deal announcement

Magseis ASA raised gross proceeds of NOK 340 million through issuance of 22.65 million shares at a subscription price of NOK 15.00 per share through an accelerated bookbuild. The private placement received strong interest from both existing and new shareholders, and was significantly oversubscribed.
The proceeds from the offering will be used to invest in additional crew and node capacity, fuelling the company’s ambitious growth plans in the rapidly expanding ocean bottom seismic market.
 

About Magseis

Magseis is a rapidly growing Norwegian geophysical company providing ocean bottom seismic (“OBS”) acquisition. The Company’s proprietary Marine Autonomous Seismic System (“MASS”) enables highly cost-efficient acquisition and delivers superior data quality. The Company is headquartered in Oslo, Norway and has offices in Norway, Sweden and Singapore.