Sondrel (Holdings) Ltd. (GB:SND) has released an update.
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Sondrel (Holdings) plc, a UK-based semiconductor firm, has announced the successful acquisition of necessary approvals for a £5.6 million funding round through the sale of new shares. The investment, backed by ROX Equity Partners Limited, is set to fortify the company’s capital structure with an expected completion and trading date for the new shares on AIM by 13 June 2024. This financial milestone coincides with a planned leadership transition, including the stepping down of the current non-executive Chairman, Nigel Vaughan.
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