Xeros is raising a maximum of £6m through a placing in two tranches to fund operations through to FY27, when multiple secured agreements and current licensees across its technologies are expected to transition to commercial phases that can drive transformational and operationally geared growth. In this note we model the first tranche of £3.0m gross (£2.64m net), comprising 343.3m shares at 1.75p. We make no changes to published P&L forecasts (EPS adjusted for the assumed share increase), and int ....
