7th Jul 2026 19:43
Quadrise PLC - London-based fuel and biofuel company - Plans to raise up to GBP1.2 million via a placing and subscription at 1.0 pence per share with institutional and other investors, and a further up to GBP1.2 million via a retail offer. Proceeds will be used to progress commercial marine trials with MSC through to commercial supply, advance projects with OCP in Morocco, Valkor and industrial power projects in the Americas through commercial-scale trials and strengthen the balance sheet. As commercial milestones are delivered, Quadrise expects to be "well positioned to pursue non-dilutive funding options to support further growth, including project-level financing, technology partnerships and capital expenditure financing for additional Multifuel Manufacturing Units." Shore Capital Stockbrokers Ltd and VSA Capital Ltd are acting as joint bookrunners and placing agents in connection with the placing. "This fundraise will support our transition to commercial supply, with a clear pathway towards profitability, and strengthen the company's balance sheet," says Chief Executive Peter Borup. Read More
