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Redeye provides an update in relation to NeoDynamics’ Q1 2023 report. The report did not include any major surprises; however, we expect a capital raising announcement in the near future. We believe 2023 will be an interesting and important year for the company as we expect a ramp-up in sales due to its US roll-out. The report renders some significant changes in our OPEX and capital-raising assumptions. These changes lead to a new fair value range with a base case of SEK0.9 (1.3).
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