SRT Marine Systems Raises £8.5 Million for Expansion

SRT Marine Systems (GB:SRT) has released an update.

SRT Marine Systems has announced a successful fundraising initiative, securing £8.5 million to bolster its financial standing and support the growth of its surveillance systems and navigation transceivers business. The fundraising involves a combination of subscription, placing, and retail offers, with significant backing from Ocean Infinity, an existing shareholder. This strategic move aims to reduce debt and position the company for future opportunities in the maritime technology sector.

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