Xeros has announced it is in the process of raising £4.5m (gross) through a placing and subscription plus up to a further £1.0m through a retail offer, which we expect will be sufficient to fund operations through to month-on-month cashflow breakeven, which we continue to expect in H2 FY2024E. We continue to expect FY2024E revenue growth to be driven by first sales of its Filtration technology ahead of microplastic filtration legislation coming into effect in France in January 2025, and the cont ....
