24th Jun 2020 06:54
Itaconix PLC - Specialty polymers firm headquartered in US state of New Hampshire - Says it plans to raise GBP1.1 million. Fundraise to include placing and subscription of shares at 1.1 pence each. Itaconix to also invite certain US eligible participants to take part in the fundraise through a US additional subscription for 3.6 million shares. New cash to be used to fund costs associated with the commercial development of the company's portfolio of core products at least until the third quarter of 2021.
Placing to be conducted by way of an accelerated bookbuild with N+1 Singer and Allenby Capital Ltd acting as joint bookrunners.
Current stock price: 1.20p
Year-to-date change: down 20%
By Ife Taiwo; [email protected]
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