29th Aug 2025 20:05
(Alliance News) - Datalex PLC on Friday said it expects to complete a capital raise later than it originally hoped.
In July, the Dublin-based airline e-commerce solutions provider announced plans to raise EUR6 million.
Proceeds will be used to accelerate investment in its core platform and product roadmap, a "critical enabler" of Datalex's medium-term strategic objectives to scale the business.
Datalex had hoped the fundraise would close by the end of August, but now anticipates completion in the coming weeks. "This revised timing supports the group's broader investment programme in product innovation and strategic growth," Datalex said in a statement.
The firm said it continues to make strong progress in executing its strategic priorities and remains focused on delivering long-term value to shareholders.
Datalex shares closed flat at EUR0.28 each in Dublin on Friday.
By Jeremy Cutler, Alliance News reporter
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