2nd Jun 2023 11:59
Cap-XX Ltd - Sydney-based supercapacitor and energy management system manufacturer - Applies to admit 129.2 million new shares to be admitted to trading on AIM after shareholders vote in favour of it. The new shares are about 22% the size of the company's current shares in issue of 586.8 million shares. The company in May said it raised GBP2.4 million via another share placing of GBP181.5 million shares at 1.3p per share, which increased its total shares to the current GBP586.8 million. It plans to apply the money towards new product development and driving revenues through sales and marketing.
Current stock price: 1.26 pence, up 3.3% on Friday
12-month change: down 71%
By Tom Budszus, Alliance News reporter
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