24th Jan 2025 16:14
Quadrise PLC - London-based energy technology provider - Raises GBP4.5 million through an oversubscribed placing at 3 pence per share, plus another around GBP300,000 through directors' direct subscriptions at the same price. On Thursday, Quadrise said it planned to raise around GBP3 million. Proceeds of the placing and subscription will provide working capital resources to June 30, 2026, company says.
Also announces a retail offer to raise up to GBP1 million at the same price. Proceeds will be utilised for product and business development, equipment purchases and to strengthen the balance sheet.
Current stock price: 4.30 pence, down 26% in London on Friday
12-month change: up 85%
By Jeremy Cutler, Alliance News reporter
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