IN BRIEF: Clean Power Hydrogen intends to raise nearly GBP7 million
Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and manufacturing company - Intends to raise GBP6.5 million before fees and expenses through a placing and subscription at 5 pence per share. Also launches a retail offer for up to 6 million new shares at the same issue price to raise around GBP300,000. Proceeds will be used to fund the firm's working capital requirements through to the site acceptance test of its first commercial MFE220 unit, or membrane-free electrolyser, to accelerate commercial pipeline growth and to drive new product sales. Read More