Non-binding LOI with Firda to explore sale of business segment assetsA broader strategic review is also initiatedPositive: A sale could add ~6.4m in cash and reduce cash burn by USD 1.5m. Also reduced capital raise riskShare should trade up 15%+ on our calculations, or more considering the likely already discounted financial risk (stock down 30% since "Liberation Day"

29 Apr 2025
Arctic FLASH: Airthings - Announces strategic review and LOI to divest business assets

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Arctic FLASH: Airthings - Announces strategic review and LOI to divest business assets
Airthings ASA (AIRX:OSL) | 0 0 0.0%
- Published:
29 Apr 2025 -
Author:
Henriette Trondsen | Kristian Spetalen -
Pages:
11 -
Non-binding LOI with Firda to explore sale of business segment assetsA broader strategic review is also initiatedPositive: A sale could add ~6.4m in cash and reduce cash burn by USD 1.5m. Also reduced capital raise riskShare should trade up 15%+ on our calculations, or more considering the likely already discounted financial risk (stock down 30% since "Liberation Day"