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LONDON - Ilika plc, a pioneer in solid-state battery technology, has announced a retail offer aiming to raise approximately £0.5 million through the issuance of up to 1,515,151 new ordinary shares at an issue price of 33 pence each. This retail offer is part of a broader capital raising initiative that includes a placing and directors’ subscription, which together have conditionally raised about £3.3 million.
The net proceeds from the capital raising efforts are earmarked for advancing the commercial status of the company’s product lines. The focus will be on supporting the commercial launch and ramp-up of Ilika’s small format Stereax technology and the continued development of the large format Goliath technology. The ultimate goal is to bring these technologies to a point where it is possible to secure commercial licensing agreements with partners.
The retail offer is not part of the placing and directors’ subscription previously announced today. It is being made exclusively to existing members of the company in the United Kingdom (TADAWUL:4280) who fall within the specified category under the Financial Services and Markets Act 2000.
An investor presentation was held to discuss the details of the capital raising and the company’s prospects. Interested parties can access the recording of the presentation through the Investor Meet Company platform.
This retail offer and the associated capital raising activities are crucial steps for Ilika as it seeks to scale its innovative battery technologies and secure a stronger foothold in the market. The company’s efforts to raise capital are based on a press release statement, indicating a strategic move to accelerate the commercialization of its solid-state battery products.
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