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Inspired Energy ( (GB:INSE) ) just unveiled an update.
Inspired plc announced a fundraising initiative to raise up to £28.25 million through a combination of placing, issuing convertible loan notes, and a retail offer. The funds will be used to strengthen the company’s balance sheet and support its Optimisation division, which requires working capital for growth. This move aims to reduce the company’s debt and interest costs, positioning it better for future refinancing and mitigating covenant breach risks. Key shareholders Gresham House Asset Management and Regent Gas Holdings have shown substantial support for the fundraising.
More about Inspired Energy
Inspired plc is a leading technology-enabled service provider that delivers solutions to help businesses transition to net-zero and manage their response to climate change.
YTD Price Performance: -43.51%
Average Trading Volume: 86,175
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £41.59M
For a thorough assessment of INSE stock, go to TipRanks’ Stock Analysis page.
