Small Swedish firm looks to take cold protection spray global
Swedish firm Enzymatica (STO: ENZY) will conduct a rights issue to raise approximately $12 million, with existing shareholders being given preferential rights.
Enzymatica has increased production and enhanced regulatory documentation for its ColdZyme (protein-barrier spray), following a dip in sales due to the coronavirus pandemic.
The firm now believes that rising consumer awareness of virus protection has made its product more relevant, and it is seeking to secure working capital to support international expansion and repay loans.
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