Haydale to raise around 5 million GBP in a new public share offering

UK-based graphene developer Haydale announced that it is set to raise around £5.00 million in a new public offering, and will also offer existing shareholders to subscribe to more shares to raises approximately £0.51 million. The new offering is done at a share price of 2 pence (well below Haydale's share price a few days ago).

The new funds will be used for general working capital needs of the business.

Disclosure: the author of this post holds shares at Haydale

Posted: Aug 24,2022 by Ron Mertens