The sum will be directed to the development of the company’s business lines.
“The raised capital will aid us expand our business and the projects with our partners,” says Iulian Nedea, co-founder and CEO of Simtel Team.
During the meeting of the company’s general extraordinary assembly of shareholders of late December 2021, Simtel Team approved the share capital increase via the issue of 705,000 new shares.
According to the company’s officials, the operation was carried out in two stages, in May and June 2022.
Simtel Team has been listed on the AeRO market of the Bucharest Stock Exchange since July 1, 2021 and at present has an over RON160 million market capitalization.
(English version by Catalina Apostoiu)