Martela Plans Up to EUR8 Million Equity Issue, Share Series Combination

05:54 AM EDT, 09/08/2026 (MT Newswires) -- Martela (MARAS.HE) said Tuesday that it is planning to raise between 5 million euros and 8 million euros through a directed issue of up to 17,777,777 new series A shares. The transaction is expected to take place during the second half and aims to strengthen the furniture company's working capital, ensure its operational continuity, rehabilitate its capital structure, and expand its shareholder base. Additionally, Martela intends to combine its 4,034,412 series A shares on Nasdaq Helsinki with its 604,800 unlisted class K shares into a single, publicly listed share series. Both proposals will be subject to shareholder approval at an extraordinary general meeting.