Integrated Wind Solutions AS announced a private placement of 10,937,500 common shares at a price of NOK 32 per share for gross proceeds of up to NOK 350,000,000 on March 21, 2022. The transaction will include participation from Norwegian and international investors including existing investors Awilco AS for a minimum NOK 200,000,000, QVT Financial LP for NOK 25,000,000, and chief executive officer, chief operating officer, chief financial officer, and chairman for NOK 7,750,000. The minimum investment accepted from any outside investor is NOK 100,000. The company will receive funding in two tranches first tranche of 8,800,349 shares and second tranche of 2,137,151 shares. The tranche 2 will be subject to approval by an extraordinary general meeting to be held on April 5, 2022.