{"url":"https://newsforagent.com/news/2026-10-20/ajax-resources-euronext-growth-oslo-fundraising","markdown_url":"https://newsforagent.com/news/2026-10-20/ajax-resources-euronext-growth-oslo-fundraising.md","title":"Ajax Resources raises €2.5m for Euronext Growth Oslo","headline":"Ajax Resources conditionally raises €2.5m ahead of Euronext Growth Oslo admission","description":"Ajax Resources conditionally raised €2.5m through a share subscription for its Euronext Growth Oslo admission.","section":"Funding","published_at":"2026-10-20T09:13:12+00:00","modified_at":"2026-10-20T09:13:12+00:00","author":"News Desk","key_takeaways":["Ajax Resources conditionally raised €2.5m through a subscription for 26,560,000 new ordinary shares at NOK 1.0 each.","Orca Capital Ag, which holds 10.00% of Ajax's issued ordinary shares, subscribed for 2,517,980 subscription shares.","Admission to Euronext Growth Oslo is expected on October 26, 2026, subject to shareholder and regulatory conditions."],"companies":[{"name":"Euronext","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000e4t/euronext","website":"https://www.euronext.com/en"},{"name":"Orca Capital","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000bysb/orca-capital","website":"http://www.orcama.com"},{"name":"Ajax Resources","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0098ogi/ajax-resources","website":"https://www.ajaxresources.com"}],"source":{"publisher":"Investegate","title":"Update on Euronext Growth Oslo Admission","url":"http://www.investegate.co.uk/announcement/rns/ajax-resources--ajax/update-on-euronext-growth-oslo-admission/9830656"},"other_sources":[],"tags":["Funding","Euronext","Orca Capital","Ajax Resources"],"body_markdown":"[Ajax Resources](https://akta.pro/company-profiles/0098ogi/ajax-resources) conditionally raised €2.5m through a subscription for new ordinary shares in connection with its application for admission to [Euronext](https://akta.pro/company-profiles/0000e4t/euronext) Growth Oslo, the company said in a statement covered by [Investegate](http://www.investegate.co.uk/announcement/rns/ajax-resources--ajax/update-on-euronext-growth-oslo-admission/9830656). The subscription covers 26,560,000 new ordinary shares at NOK 1.0 each, raising the equivalent of approximately £2.11m at current exchange rates.\n\n## Ajax Resources' €2.5m Subscription and Private Investor Offer\n\nThe subscription is being conducted in reliance on applicable exemptions from Norwegian prospectus requirements and is expected to close on the evening of October 21, 2026. Ajax has also made available up to a further 2,656,000 new ordinary shares at NOK 1.00 per share to eligible private investors, which if fully subscribed would raise gross proceeds of NOK 2,656,000, equivalent to approximately €250,000 (£211,000) at current exchange rates. The company will provide a further update on the private investor subscription following its closing.\n\nBoth the subscription and the private investor subscription are being undertaken in connection with the proposed admission to trading on Euronext Growth Oslo, expected on October 26, 2026, subject to the satisfaction of applicable admission requirements and receipt of necessary regulatory approvals. Admission remains conditional upon Ajax having at least 30 qualifying shareholders registered in the Norwegian central securities depository, each holding ordinary shares with a value of at least NOK 5,000 (approximately £400), and the ordinary shares having an open market price on the Aquis Stock Exchange equivalent to at least NOK 1.00 per share on October 23, 2026.\n\n[Orca Capital](https://akta.pro/company-profiles/000bysb/orca-capital) Ag, which currently holds 10.00% of the current issued ordinary shares, has subscribed for 2,517,980 subscription shares. The directors of Ajax confirmed that, having exercised reasonable care, skill and diligence, the Orca subscription is fair and reasonable as far as Ajax shareholders are concerned.\n\nIppolito Ingo Cattaneo, chief executive officer of Ajax Resources, said: \"We are very pleased to have secured this level of investor support as Ajax prepares to enter a particularly active period of exploration and development across its portfolio.\"\n\n## Euronext's IPOgo Platform and Market Scale\n\nEuronext launched IPOgo in June 2026, an EU Listing Act-enabled simplified listing solution for SMEs on Euronext Growth offering end-to-end digital execution, halved documentation, and targeting IPOs up to €12 million with up to 100% retail allocation in France, according to akta.pro [company records](https://akta.pro/company-data). Euronext operates eight regulated exchanges across Amsterdam, Athens, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, serving more than 1,800 listed issuers, with total market capitalisation across all Euronext markets of €7 trillion.\n\n## Euronext Oslo Børs Admission Decision\n\nOn October 20, 2026, Euronext Oslo Børs decided to admit Ajax Resources to trading on Euronext Growth Oslo, with the company required to meet admission requirements before the first trading day, according to The future of trading. The CEO of Euronext Oslo Børs will determine the first day of listing, no later than January 12, 2027.\n\n## Ajax Resources' Next Steps\n\nApplication will be made for the subscription shares and private investor subscription shares to be admitted to trading on the Aquis Growth Market, with admission expected to become effective on October 26, 2026. A further announcement will be made in due course.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}