DeepMatter has announced the acquisition of Infochem GmbH, a specialist in cheminformatics from Springer Nature, a global publisher, for total consideration of c.€2.0m made up of €0.36m cash and 68.4m new ordinary shares. The group intends to raise a minimum of £3m by way of a proposed placing of new ordinary shares at 2.5p. The net placing proceeds will be used to finance ongoing DigitalGlassware™ technology development and the working capital needs of the enlarged grou
20 Dec 2018
Acquisition and proposed placing
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Acquisition and proposed placing
- Published:
20 Dec 2018 -
Author:
Peter Ashworth -
Pages:
2
DeepMatter has announced the acquisition of Infochem GmbH, a specialist in cheminformatics from Springer Nature, a global publisher, for total consideration of c.€2.0m made up of €0.36m cash and 68.4m new ordinary shares. The group intends to raise a minimum of £3m by way of a proposed placing of new ordinary shares at 2.5p. The net placing proceeds will be used to finance ongoing DigitalGlassware™ technology development and the working capital needs of the enlarged grou