Nel ASA announced a private placement that it will issue 167,132,530 shares at an issue price of NOK 2.1125 per share for the gross proceeds of up to NOK 353,067,469.625 on March 11, 2025. The transaction included participation from Samsung E&A Co., Ltd. The transaction is subject to approval by the Board of Directors pursuant to an authorization to increase the share capital granted by Nel ASA's annual general meeting held on 23 April 2024. Post transaction, SAMSUNG E&A will have a 9.1% shareholding in the company.