CyanConnode Holdings (GB:CYAN) has released an update.
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CyanConnode Holdings plc, a leader in narrowband RF mesh networks, has successfully completed an oversubscribed fundraising effort, securing approximately £5.4 million by placing and subscription of new ordinary shares at a premium. This financial boost comes on the heels of a significant new order for 6.5 million Omnimesh modules and ongoing R&D projects aimed at enhancing their product offerings. The company’s executive leadership, alongside significant shareholder Premier Miton, participated in the fundraising, which will support CyanConnode’s growth in the global smart metering solutions market.
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