Open offer11 Dec 2023 09:20
I think it raised £2.7m not £27m and around £11m overall.
Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic automotive brake discs is pleased to announce that the Open Offer was significantly over-subscribed, raising gross proceeds of £2.7m.
Subject to the Resolutions being passed, £11.0m gross proceeds will have been raised pursuant to the Placing, Subscription and Open Offer