RE: 5p+, On The Next News27 Feb 2025 08:59
Not only a whopping Β£2,000,000 raised at 1.9p but also a massive oversubcribed retail offer at 1.9p raising Β£500,000, double the target.
GSTechnologies Ltd (LSE:GST), the fintech company, is pleased to announce, further to its announcement of 14 January 2025, that it has conditionally raised Β£500,000 (before expenses) via the issue of 26,315,789 new ordinary shares of no par value in the capital of the Company (the "Retail Offer Shares") at a price of 1.90 pence per share (the "Issue Price") pursuant to its offer to its existing retail shareholders via CMC CapX (the "Retail Offer").
Due to exceptional demand, the Retail Offer was significantly oversubscribed in relation to its original retail target raise of Β£250,000 and the Company decided to accommodate some of the excess demand from its shareholders by increasing the size of the Retail Offer. This has still resulted in participants being scaled back from their original amounts requested. The Company wishes to thank shareholders for their continued support.
It appears at 1.55p there's value to be had here considering it went to 3.5p just weeks ago.