Nanoco has signed an agreement for a fifth work package from its major European customer. This covers the final phase of a scale-up of a longer wavelength material and development of a third material. It has also completed a placing and subscription raising £2.0m (net) at 37p/share, which extends the cash runway into CY24, and announced a broker option at 37p/share potentially raising up to an additional £3.7m.
07 Jun 2022
Nanoco Group - More good news – this time organic business
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Nanoco Group - More good news – this time organic business
Nanoco Group PLC (NANO:LON) | 19.4 0 0.0% | Mkt Cap: 62.3m
- Published:
07 Jun 2022 -
Author:
Anne Margaret Crow -
Pages:
6
Nanoco has signed an agreement for a fifth work package from its major European customer. This covers the final phase of a scale-up of a longer wavelength material and development of a third material. It has also completed a placing and subscription raising £2.0m (net) at 37p/share, which extends the cash runway into CY24, and announced a broker option at 37p/share potentially raising up to an additional £3.7m.