Ilika plc (GB:IKA) 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
Ilika plc has announced the successful placement of 6,071,428 new shares at 28 pence each, aiming to raise £1.7 million. This capital raise is set to fund the development of their solid-state battery technology, with the issue price representing a 5.1% discount on the last closing market price. Additionally, the company is offering existing shareholders the opportunity to participate through an open offer to raise a matching amount.
For further insights into GB:IKA stock, check out TipRanks’ Stock Analysis page.