AFC Energy (GB:AFC) has released an update.
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AFC Energy, a hydrogen power generation company, has successfully closed its REX Retail Offer, raising £2.0 million through the issue of new shares, contributing to a total fundraising of approximately £15.8 million. The funds raised are subject to conditions like the approval of a General Meeting set for June 28, 2024, with the finalization of the share issuance on AIM expected by July 1, 2024. This strategic financial move aims to bolster the company’s growth and market presence.
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