Sondrel (Holdings) Ltd. (GB:SND) has released an update.
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Sondrel (Holdings) plc, a specialist in ultra-complex chip design, has conditionally raised £5.6 million through a subscription by ROX Equity Partners Limited, involving the issuance of over 56 million new ordinary shares at 10 pence each. Alongside proposed board changes, the funds aim to address immediate working capital needs and support the company’s Transformation Plan. These developments are pending shareholder approval at an upcoming general meeting, with further details available on the company’s website.
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