ENGAGE XR has announced a £8.8m conditional placing and confirmed that HTC intends to subscribe for £0.6m at the placing price. The placing is conditional upon the HTC subscription becoming unconditional, and the two transactions will raise £9.4m through the issue of 234m shares at 4p. The raise will enable the group to convert a robust pipeline, capitalise upon its reseller agreement from Q2 23, and demonstrate the platform’s transformational potential through 2023. The investment case is focus ....
07 Feb 2023
Engage XR Holdings - £9.4m raise to scale the ENGAGE platform
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Engage XR Holdings - £9.4m raise to scale the ENGAGE platform
Engage XR Holdings PLC (EXR:LON) | 2.0 0 0.0% | Mkt Cap: 10.2m
- Published:
07 Feb 2023 -
Author:
Michael Hill -
Pages:
22
ENGAGE XR has announced a £8.8m conditional placing and confirmed that HTC intends to subscribe for £0.6m at the placing price. The placing is conditional upon the HTC subscription becoming unconditional, and the two transactions will raise £9.4m through the issue of 234m shares at 4p. The raise will enable the group to convert a robust pipeline, capitalise upon its reseller agreement from Q2 23, and demonstrate the platform’s transformational potential through 2023. The investment case is focus ....