EQTEC plc (GB:EQT) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
EQTEC plc announces a successful fundraising initiative, securing £1.1 million through a placement and subscription, and offering a further £200,000 through a retail offer. The company is converting existing debt into equity with key shareholders and has appointed Shard Capital Partners LLP as joint broker. These financial moves aim to strengthen EQTEC’s working capital and accelerate its strategy as a leading provider of waste-to-value energy solutions.
For further insights into GB:EQT stock, check out TipRanks’ Stock Analysis page.