RE: B28 Nov 2024 12:45
Allenby Capital TMT Update - 11.11.24 - CPX.L, MBT.L, ENSI.L, MIRI.L
CAP-XX Ltd* (CPX.L, 0.1375p/£4.0m)
Update: Trade show and successful fundraise (05.11.24)
• CAP-XX is due to participate at Electronica 2024 in Munich 12-15 November where it will co-exhibit and
present alongside SCHURTER AG, its strategic partner and 4.6% shareholder.
• The biennial Electronica is the world's largest electronics trade fair and will host c. 170k visitors from >100
countries. It will provide the opportunity to showcase CPX's supercapacitor technology to participants in the
automotive, IoT, industrial automation and consumer electronics sectors.
• CPX also confirmed the successful completion of its Retail Offer to raise £0.275m at 0.11p/share that was
over-subscribed (05.11.24). This follows the placing raising £2.5m (01.11.24) that was also over-subscribed
and certain directors also plan to subscribe for a further £250k.
Allenby Capital comment: The presence at Electronica reflects CPX's increased sales and marketing activities and the
ongoing development of its relationship with SCHURTER AG, a leading Swiss manufacturer and distributor of components
for circuit protection, as well as connectors, switches, EMC (electromagnetic compatibility), and HMI (human machine
interface). The MoU was signed in July and the companies are developing products and application specific solutions,
including co-branded supercapacitor products, as well as SCHURTER distributing CPX product. The proceeds of the successful
fundraise (£3.0m) will be used to support CPX's sales growth, onboard SCHURTER AG, further develop the DMH product line,
invest in and upgrade internal systems and for working capital.
*Allenby Capital acts as Nomad and Broker to CAP-XX Ltd
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