21 Mar 2023

EQTEC - Placing To Raise £3.5M

EQTEC PLC (EQT:LON) | 0.7 0 1.4% | Mkt Cap: 4.97m

- Max Campbell
- 6 pages

EQTEC has announced a £3.5m equity fund raising by way of a placing and also a broker option of up to £550,000. The raise has been priced at 0.22p representing a 23% discount to last night’s close. Proceeds will be used to progress EQTEC’s market development centres, increase R&D and reduce outstanding debt.

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EQTEC - Placing To Raise £3.5M

EQTEC PLC (EQT:LON) | 0.7 0 1.4% | Mkt Cap: 4.97m

Published: 21 Mar 2023
Author: Max Campbell
Pages: 6

EQTEC has announced a £3.5m equity fund raising by way of a placing and also a broker option of up to £550,000. The raise has been priced at 0.22p representing a 23% discount to last night’s close. Proceeds will be used to progress EQTEC’s market development centres, increase R&D and reduce outstanding debt.