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News details

Teesside Graphene plc looks to raise over 10m to scale up production

Teesside-based Applied Graphene Materials, the producer of specialty graphene materials, is seeking to fundraise £10.1m to scale up its productions.

The company has conditionally raised £8.1m before expenses through the placing of 4,628,571 New Ordinary Shares at 175 pence per share.

In addition, the firm has announced an Open Offer to raise up to approximately £2m, on the basis of 1 Open Offer Share for every 15 Existing Ordinary Shares held on the Record Date, at 175 pence each.

Net Proceeds are expected to be used to scale up the company’s production facilities to increase manufacturing capacity to six tonnes per annum... Read more>


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