CyanConnode Holdings (GB:CYAN) has released an update.
CyanConnode Holdings PLC, a leader in narrowband RF mesh networks, is set to bolster its capital by approximately £5 million through a combined placing and subscription strategy. The fundraising includes a strategic £3 million investment from Axia Investments Limited and additional contributions from company directors. The proceeds will facilitate the company’s growth, enhance its balance sheet, and fund the creation of a product design lab in India, aiming to expand operations and develop its Omnimesh product suite.
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