LONDON (Alliance News) - E-commerce software provider ATTRAQT Group PLC on Thursday said it has raised GBP3.3 million via a share placing and another GBP2.6 million from a separate transaction.
The company has issued 6.3 million shares at 52.00 pence per share to raise the first tranche of the funding. Shares in ATTRAQT were down 4.8% to 61.90p on Thursday.
In addition, the company has placed another 5.0 million shares with Azini LLP to raise GBP2.6 million for Chairman Dan Wagner, Bright Station Ventures Ltd, Alan Docter and John Wagner, the selling shareholders.
ATTRAQT will use its proceeds to expand its sales teams in the UK and US and expand production capacity.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.