Quadrise PLC - London-based clean energy technology provider - Completes fundraise for GBP1.5 million through the placing of 118.9 million shares and a subscription offer for a further 1.1 million shares. Both offers were conducted at an issue price of 1.25 pence per share, representing a 15% discount to the company's Thursday closing price of 1.47p. The company also announces an open offer for certain shareholder for 82.2 million shares at the same issue price, which it expects to raise an additional GBP1 million.
Current stock price: 1.24 pence per share, down 17% in London on Tuesday
12-month change: down 17%
By Hugh Cameron, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Quadrise (QED)