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    Zoomability’s Future Hope with a New Joint Venture and Significant Investments

    Zoomability had a tough 2023. A failed rights issue in December 2022 and a low subscription rate on a new issue in November 2023 led to the company’s equity decreasing and the risk of losing control over its capital.

    Despite these challenges, the company has made progress on several markets, including Sweden, Norway, the United States, and Italy. It has also entered into a joint venture agreement with a Chinese company and launched a new initiative in the United States.

    The company’s CEO is optimistic about the future and believes that Zoomability has a very competitive product in a billion-dollar market. He hopes that a new issue in Q1 2024 will provide the company with the resources it needs to grow and become profitable.

    This information is analyzed from: https://news.cision.com/se/zoomability-int-ab/r/efter-ett-tufft-2023-ser-vi-med-tillforsikt-fram-emot-2024,c3904125

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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