Lifesafe Holdings Plc (GB:LIFS) has released an update.
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LifeSafe Holdings Plc has announced the successful conditional completion of an oversubscribed funding round, raising £1.7 million through the placement of new shares and a subscription offer, with shares priced at 10 pence each. The funds are intended to provide the company with adequate working capital to meet future liabilities and to further business development initiatives. Additionally, executive participation in the fundraising round has been deemed fair and reasonable by the company’s board, excluding the participating executives.
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