28th Aug 2025 15:25
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.
Current stock price: 5.20 pence, up 2.0% in London on Thursday
12-month change: down 44%
By Emily Parsons, Alliance News reporter
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