LONDON (Alliance News) - RedT Energy PLC on Wednesday said it has raised GBP5.0 million to deliver its current pipeline and support the continued growth of the business.
The energy storage company said it placed 71.9 million shares at a price of 7 pence each. The stock was trading 18% lower on Wednesday at 7.70p per share.
"The fundraising announced today will give us the time to progress delivery of our current pipeline and to pursue investment from strategic partners to support and finance our growth plans," said Chief Executive Scott McGregor.
