Dolphin Drilling AS announced a private placement of 84,471,200 Offer Shares at a subscription price of NOK 7.50 per offer share for the gross proceeds of NOK 633,534,000 on June 22, 2023. The transaction included participation from new investor Strategic Value Partners, LLC for NOK 140,990,000 and returning investor S.D. Standard ETC Plc for NOK 75,920,000. The transaction is subject to approval of extraordinary general meeting of the company.