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23.10.26 - 14:21
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Otovo Completes Capital Raise for Final Phase of its Transformation into an AI-Enabled Energy Services Platform (Business Wire)
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OSLO, Norway--(BUSINESS WIRE)--Otovo ASA (Euronext Oslo Børs: OTOVO; "Otovo"), an AI-enabled platform for behind-the-meter energy services for homes and businesses, today announced it has completed a private placement financing of $3 million in gross proceeds, bringing the total capital raised by Otovo to approximately $40 million in a little over 12 months. The completed equity raise and asset sale described below would provide over $5 million in combined proceeds, subject to the completion of the asset sale.
The private placement proceeds will be used to fund strategic acquisitions, M&A opportunities, costs associated with the previously announced contemplated dual listing in the U.S. and general corporate purposes.
“EnduranceTM, our in-house AI platform that manages the energy systems of our over 65,000 customers, has performed better than we expected and continues to create opportunities for further SG&A reductions,” said William J. (John) Berger, CEO of Otovo. “We are using Endurance...
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23.10.26 - 12:06
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JinkoSolar Completes Name Change to Jinko Holdings Limited (PR Newswire)
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ADSs continue to trade under "JKS"; Company to Enhance Transparency on Strategic Investment Portfolio SHANGRAO, China, Oct. 23, 2026 /PRNewswire/ -- Jinko Holdings Limited ("Jinko Holdings" or the "Company") (NYSE: JKS), formerly JinkoSolar Holding Co., Ltd., today announced that its new......
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