06:07 AM EST, 11/13/2026 (MT Newswires) -- SeaTwirl (STW.ST) plans to raise 28 million kronor through the issue of 1,795,035 new shares with preferential rights at 15.6 kronor per share, according to a Friday release. Each shareholder on record on Nov. 20 will receive 1 subscription right for each share held, with 10 subscription rights entitling the holder to subscribe for 3 shares in the rights issue. The subscription period will start on Nov. 24 and close on Dec. 8. SeaTwirl said it has received subscription and guarantee undertakings for 100% of the shares under the transaction. Proceeds are earmarked for the first installation of the SeaTwirl 200-kilowatt floating wind turbine, preparations for the European Union-funded Verti-Go project, and to improve the company's financial flexibility.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.