Pressure Technologies has announced that it has raised £2.28m through a Placing, via an accelerated bookbuild, and a Retail offer via REX at 30p/share, a 6% discount to the closing midmarket price on 14th November 2022. The net proceeds of the fundraise will be used to provide working capital headroom with respect to material purchases/supplier payments, support the transition to profitable/cash generative trading, and to strengthen the balance sheet. As Nomad and Broker to the fundraise, we are ....
16 Nov 2022
Announces £2.28m fundraise
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Announces £2.28m fundraise
Pressure Technologies plc (PRES:LON) | 42.0 0 0.0% | Mkt Cap: 16.2m
- Published:
16 Nov 2022 -
Author:
Richard Hickinbotham -
Pages:
3
Pressure Technologies has announced that it has raised £2.28m through a Placing, via an accelerated bookbuild, and a Retail offer via REX at 30p/share, a 6% discount to the closing midmarket price on 14th November 2022. The net proceeds of the fundraise will be used to provide working capital headroom with respect to material purchases/supplier payments, support the transition to profitable/cash generative trading, and to strengthen the balance sheet. As Nomad and Broker to the fundraise, we are ....