Norcod Secures $11 Million Funding Package to Target H2 2026 Profitability

Norcod announced a new funding plan on April 30 to scale up biomass and target profitable operations during the second half of 2026.
The funding package includes NOK 100 million ($10.7 million) via a private placement of new shares, along with NOK 170 million in new debt financing secured through existing credit facilities with DNB Bank ASA and a new NOK 50 million loan from Innovation Norway.
"Overall, the updated funding plan positions the Company for scaling up...
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