CAP-XX raises £2.43m to fund developments projects
Cap-XX, a maker of high-capacity electrochemical battery supercapacitors, has raised £2.43m in equity in order to invest in a number of development projects.
CAP-XX Limited
0.10p
16:55 26/03/24
Electronic & Electrical Equipment
10,096.74
17:14 28/03/24
FTSE AIM All-Share
743.26
16:50 28/03/24
The AIM-listed company raised £2.43m from a subscription of 27m shares at 9p each, which will be admitted to trade on 30 January.
Following admission, the company will have a share capital of 297.7m shares with voting rights and none in treasury.
Chief executive Anthony Kongats, said: "We are delighted with the support provided to the company at this exciting time for the development of our supercapacitor business, which will enable us to accelerate a number of development opportunities."
Shares in Cap-XX were up 7.95% to 9.85p at 1111 GMT.