Q1 2023 Prosafe SE Earnings Call Transcript
Welcome, everyone, to this Q1 presentation for Prosafe. I'm Reese McNeel, CFO. So I'll start off the presentation today and then hand over to Jesper, our CEO along the way. I'll start off with a few -- won't go on the disclaimer, which everyone knows about. I'll start off with a few highlights. I think I'd like to start off first by saying that we are very pleased that we were able to conclude the private placement yesterday. As we've known and we've communicated to the market over several weeks or months that there was the potential liquidity need going into the later part of this year.
And so we're very happy that we were able to close that transaction yesterday and had good support, and there will be a subsequent offering coming for the shareholders who weren't able to participate. So we're very happy to have that done. And I think that will -- gives us a much clearer runway into what we think is a very improving market. Coming on a bit to the first quarter itself, we had EBITDA of $6 million negative. I'd like to add though that there was $4 million of
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