Nightcap PLC (GB:NGHT) has released an update.
Nightcap PLC, a premium bar owner-operator, has announced plans to raise up to £3.5 million through the issuance of new shares, aiming to strengthen its balance sheet and fund acquisitions in the UK’s evolving premium bar sector. The company has already secured £0.75 million and is considering additional capital raises in line with strategic opportunities for consolidation in the market. CEO Sarah Willingham highlighted the unique opportunity for growth and consolidation in the industry, driven by current economic challenges and the aftermath of the COVID period.
For further insights into GB:NGHT stock, check out TipRanks’ Stock Analysis page.
