Northern Data AG secures 20% capital increase with backstop agreement to strengthen its financial position.
Northern Data AG secured a resolution for a 20% capital increase against cash contributions, backed by a backstop agreement. This move is expected to strengthen the company's financial position. The backstop agreement ensures that the capital increase is secured, providing confidence to investors. This action follows the company's strategic growth plans and aims to support its future projects.
July 15, 2024
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