Netmore: Intends to acquire a leading North American company within IoT connectivity - Redeye

Last week, Netmore press released that it has signed a non-binding letter of intent (LOI) to acquire a leading North American company within IoT connectivity. It is also stated in the press release that Netmore estimates that a capital injection of SEK85m will be needed to finance the company’s ongoing operations during the next 24 months. The company hopes to have its short-term financing in place during Q1 2024, and the press release was made to be able to involve the major shareholders (who have expressed a strong interest in Netmore’s growth strategy).

Länk till analysen i sin helhet: https://www.redeye.se/research/969055/netmore-intends-to-acquire-a-leading-north-american-company-within-iot-connectivity?utm_source=finwire&utm_medium=RSS