Wandisco (GB:CRTA) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cirata plc, a data activation platform, is undergoing a $7 million equity fundraise at 55 pence per share to bolster its balance sheet and fuel its ambitious growth plans following a successful company rebuild and strategic repositioning. The fundraise includes a combination of a placing of shares, subscriptions by third-party investors and directors, and a retail offer, with the proceeds aimed at achieving cash flow break-even by FY24. With significant progress in its pipeline, boasting 110 opportunities, and partnerships with major industry players, Cirata is capitalizing on a multi-billion dollar market opportunity in Data Integration and DevOps.
For further insights into GB:CRTA stock, check out TipRanks’ Stock Analysis page.
