@Medvind Great. If absent/denied answer, send to chairman and refer to the Norwegian law and the right to escalate to district court, who will then send demand of disclosure.
However, I can see from this update that actually only existing shareholders participated in the last private placement with pref shares:
All of the investors who are allocated New Preference Shares are existing shareholders in the Company or their close associates and have given voting undertakings to vote in favor of the EGM Resolutions.
My hunch now has changed to:
The new CEO is put in place to try to prepare and sell the company, but no buyer is currently obtained. The short-term funding is time buying and the long-term funding with strategic industrial investors is instead an aspiration that was commenced when the new CEO started. The ending of CTO and CFO is about cost savings, and according to the LinkedIn profile of the new CEO, he states explicit he report both tech and finance, and focus is to work with financing. The current Group Controller was also changed to Finance Director.
I may be wrong, and I wanted to believe the company is being acquired because initially everything pointed in that direction. However, as the time has progressed, and the duration is now not going in the favor of imminent acquisition.
New repeated short-term funding with the same players is of high probability this fall, but with the same or higher valuation it might not be dramatic in the short medium term.
However, that the company is sold in 1-3 years, is still almost certain.