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Yesterday evening, Tempest announced that it had raised SEK 34m (before transaction costs) in a directed issue of 0.88m new shares. The transaction was done at SEK 38.60, corresponding to a 6.8% discount to yesterday’s close. The company intends to use the funds to accelerate growth and will now have firepower of around SEK 60m (including current cash position of SEK 29m) for potential M&A.
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