SOS has successfully raised £5.43m (net) at 20p to accelerate growth and profitability. The raise is in response to a significant increase in demand from customers via 3rd Party (3P) platforms. Crucially, 3Ps have approached SOS for more stock depth and access to more of its product range, as styles have sold out quickly. Given the high level of ongoing demand, and end market conditions starting to return to normal (incl. going out), the rationale behind the raise is to ensure the group can fund ....
26 May 2021
Equity raise provides firepower to accelerate growth
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Equity raise provides firepower to accelerate growth
Sosandar Plc (SOS:LON) | 13.0 0.1 4.0% | Mkt Cap: 32.3m
- Published:
26 May 2021 -
Author:
Matthew McEachran | N+1 Singer Team -
Pages:
3
SOS has successfully raised £5.43m (net) at 20p to accelerate growth and profitability. The raise is in response to a significant increase in demand from customers via 3rd Party (3P) platforms. Crucially, 3Ps have approached SOS for more stock depth and access to more of its product range, as styles have sold out quickly. Given the high level of ongoing demand, and end market conditions starting to return to normal (incl. going out), the rationale behind the raise is to ensure the group can fund ....