Desert Control AS announced a private placement of minimum of 8,888,888 common shares at an issue price of NOK 6.75 per share for minimum gross proceeds of up to NOK 60,000,000 and maximum of 11,851,852 common shares at an issue price of NOK 6.75 per share for maximum gross proceeds of up to NOK 80,000,001 on September 28, 2023. The transaction will include participation from new investor Woods End Interests Llc for NOK 30,000,000. The board is expected to propose that general meeting elects James Thomas as additional member.