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  3. Eqtec Share Price
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  5. Eqtec says completion of subscription postponed due to delayed funding

Pin to quick picksEqtec Share News (EQT)

Eqtec Information

Share Price Information for Eqtec (EQT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1.70
Bid: 1.65
Ask: 1.75
Change: -0.18 (-9.57%)
Spread: 0.10 (6.061%)
Open: 1.80
High: 1.90
Low: 1.65
Prev. Close: 1.88
EQT Live PriceLast checked at -

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Eqtec says completion of subscription postponed due to delayed funding

Mon, 11th Mar 2024 11:59

(Alliance News) - Eqtec PLC on Monday said that it has postponed the planned completion of a share subscription.

The Cork, Ireland-based thermochemical conversion technology company said that completion has been postponed due to a delay in receipt of funding by Verde Corp.

"Verde has notified the company that the funds designated for the subscription form part of a syndicated investment pool linked to another unrelated transaction in the US, that must complete in tandem with the investment into Eqtec," the company said.

It added that it has signed a new subscription letter with Verde, for the same total subscription amount, replacing the one signed a month ago.

Eqtec shares fell 6.1% to 2.30 pence each on late Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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