The Danish tech company Napatech which is listed on Oslo Børs has completed a private placement through the issuance of 10 million new shares at a subscription price of NOK 20 per share, corresponding to gross proceeds of approx. NOK 200 million.
The private placement was significantly oversubscribed and attracted the interest of prominent investors and strong support from existing shareholders. The proceeds will be used as working capital to support Napatech’s path to profitability and to scale the company.
Napatech provides programmable Smart Network Interface Cards (SmartNICs) and Infrastructure Processing Units (IPUs) for cloud, business and telecommunications data centre networks.
Accura advised Napatech in connection with the private placement together with Wiersholm.