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Scandinavian ChemoTech: Comments on capital raise - Redeye

Redeye provides its initial comments on Scandinavian ChemoTech's rights issue announced this morning. The company is raising SEK13.84m at a 25% discount to finance further sales efforts and to pay off debt. We had already modelled a capital raise in our valuation, although with a higher discount. We will await the outcome of the rights issue before making any formal changes to our estimates.

Redeye provides its initial comments on Scandinavian ChemoTech's rights issue announced this morning. The company is raising SEK13.84m at a 25% discount to finance further sales efforts and to pay off debt. We had already modelled a capital raise in our valuation, although with a higher discount. We will await the outcome of the rights issue before making any formal changes to our estimates.
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