Heroic secure funds needed for sustaining business

Heroic managed to find a way out of the financial crisis and raise sufficient funds to sustain their business, as the shareholders supported the club by purchasing additionally issued shares.

After two unsuccessful attempts to raise additional funding, Heroic issued 10 million shares with a minimum price of $0.095. There is no data on how much funds were secured, but this move will allow the club to continue their operations at least in the near future.

Heroic initially intended to bring in ranging from $1.14 million to $1.9 million at a share price of $0.19. After decreasing the share price, the organization expected to raise between $760,000 to $1.43 million.

The Norwegian company Omaken Sports owns Heroic. The deal to acquire the Danish club took place in early 2021.

Origin: www.notc.no