29th Sep 2021 20:26
Ethernity Networks Ltd - Networking and security solutions provider based in Israel - Raises GBP402,480 through broker option, priced at 35 pence per share. This brings total amount generated in fundraising and broker option to GBP4.6 million.
"As Ethernity continues to implement its new proven strategy as a supplier of customised and differentiated system solutions, the fundraising allows the company to be financially positioned for the next stage of its development and growth with significantly larger customers, and to service expected mass deployment growth on anticipated new contracts from end 2022 onward," says Chief Executive David Levi.
Current stock price: 37.50p, up 5.0% on Wednesday
Year-to-date change: up 4.2%
By Lucy Heming;Â [email protected]
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