markets · · proactiveinvestors.com
Invinity Energy Systems shares plunge 38% despite £25 million fundraising
Invinity Energy Systems PLC (AIM:IES, OTCQX:IESVF, AQSE:IES) shares dropped 38% to 11p on Thursday, after the company confirmed a £25 million fundraising designed to strengthen its working capital and accelerate product development. The fundraising comprises £10 million from an institutional placing, £12.2 million from the National Wealth Fund and £2.8 million from a retail offer.
Invinity Energy Systems PLC (AIM:IES, OTCQX:IESVF, AQSE:IES) shares dropped 38% to 11p on Thursday, after the company confirmed a £25 million fundraising designed to strengthen its working capital and accelerate product development. The fundraising comprises £10 million from an institutional placing, £12.2 million from the National Wealth Fund and £2.8 million from a retail offer.
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