DexCom earnings beat by $0.03, revenue topped estimates
LONDON - Cake Box Holdings PLC (AIM: LON:CBOX), the UK’s leading retailer of fresh cream celebration cakes, has successfully raised £7 million through an oversubscribed share placing, the company announced on Wednesday. The fundraising involved the issuance of 3,888,889 new ordinary shares at a price of 180 pence each, a 5.3% discount to the closing price on March 11, 2025.
The placing attracted strong interest from both new and existing institutional investors, with allocations to be confirmed shortly. Notably, directors of the company have collectively participated in the placing, subscribing to a total of £210,000 worth of shares.
In addition to the placing, Cake Box also initiated a retail offer aimed at UK-based shareholders, with results expected to be announced by March 13, 2025. This offer is part of the company’s broader fundraising strategy, which is tied to an acquisition outlined in previous announcements.
The new shares are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) on March 17, 2025, subject to the completion of the acquisition and other conditions. Upon admission, the new shares will rank equally with existing ordinary shares in all respects.
The placing agreement is conditional and may be terminated based on its terms. The retail offer is dependent on the successful completion of the placing, but the placement itself is not contingent on the retail offer.
This fundraising event is a significant step for Cake Box as it seeks to expand its operations and solidify its market position. The company’s shares, identified by the ISIN number GB00BDZWB751 and ticker CBOX, are set to continue trading with the new capital injection further enhancing its financial footing.
The information presented in this article is based on a press release statement from Cake Box Holdings PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.