Nordic Unmanned Contemplates Public Listing
Nordic Unmanned AS is contemplating a private placement and listing
on Euronext Growth Oslo (currently Merkur Market) in order to finance expected
strong growth and international expansion.
“While the largest market for high-end drones has so far been for
defence purposes, other private and public sector customers are now seeing the
substantial advantages of unmanned technology: increased safety and data value
combined with both reduced costs and carbon footprint. We are perfectly
positioned to capitalize on this growing market, and the planned placement and
listing will enable us to fully realize this potential,”
said Knut Roar Wiig, CEO of Nordic Unmanned.
Contemplated private placement
Nordic Unmanned has engaged SpareBank 1 Markets and SpareBank 1 SR-Bank
Markets to advise on the contemplated private placement.
The company intends to raise total proceeds of NOK 50 – 100 million. The
purpose is to acquire more high-end drone systems, as well as further
developing our proprietary product portfolio and general company purposes.
The company intends to apply for a listing of its shares on Euronext
Growth Oslo. The first day of trading is expected to be on or about the 15th of
December 2020.
Nordic Unmanned is a system integrator, offering customers a complete
combination of hardware, software and services, typically according to
long-term contracts. The company supplies and operates its own Staaker drones,
as well as high-end drones from Lockheed Martin and Schiebel.
The company had revenues of NOK 32 million in 2019. During the first
three quarters of 2020, revenues increased to NOK 41 million. Based on a
current strong order backlog and strong identifiable market prospects, the
company expects substantial growth in the coming years.
Advisors
SpareBank 1 Markets and SpareBank 1 SR-Bank Markets are engaged by the
Nordic Unmanned as financial advisors in connection with the contemplated
private placement, and SpareBank 1 Markets has been engaged as Euronext Growth
advisor in connection with the contemplated listing. Advokatfirmaet Schjødt AS
is acting as legal advisor. Corporate Communications AS advises on
communications and investor relations.
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