On 22 February 2019, Napatech A/S announced the successful placement of 33,000,000 new shares in the Company at a subscription price of NOK 1.50 per share, raising gross proceeds of NOK 50m. Further, the Company will conduct a subsequent offering of NOK 25m by offering 16,666,667 new shares at the same subscription price. The subsequent offering is fully underwritten by a syndicate of applicants in the private placement. Net proceeds from the transaction will be used to finance further growth of the Company and for general corporate purposes.
ABG Sundal Collier acted as Sole Manager in the transaction.
Napatech helps companies to reimagine their business, by bringing hyper-scale computing benefits to IT organizations of every size. Napatech enhance open and standard virtualized servers to boost innovation and release valuable computing resources that improve services and increase revenue. Napatech’s Reconfigurable Computing Platform™ is based on a broad set of FPGA software for leading IT compute, network and security applications that are supported on a wide array of FPGA hardware designs.