AFC Energy (GB:AFC) has released an update.
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AFC Energy plc seeks to raise approximately £15.5 million to scale up its hydrogen fuel cell manufacturing and meet growing demand. The fundraising includes a placing and subscription to secure £13.5 million and a REX Retail Offer to potentially add another £2 million, aiming to bolster inventory and production capacity. The proceeds will enable AFC Energy to fulfill orders from Speedy Hydrogen Solutions and TAMGO, and support its joint venture with Speedy Hire.
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