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LONDON - Robotics company Q-Bot Limited has secured approximately £350,000 in the initial closing of its equity fundraising program that aims to raise up to £1 million, according to a statement released Friday by EMV Capital plc (AIM:EMVC).
The fundraising, led by EMV Capital Partners (WA:CPAP) Limited, also includes the conversion of approximately £865,000 in outstanding convertible loans and associated interest. The first closing primarily represents investment from Q-Bot’s existing shareholders, with additional funding expected from both new and existing investors in subsequent closings.
Q-Bot, which develops robotics solutions for the built environment, will use the proceeds to continue executing its growth strategy following its recent transition to what the company describes as a lean technology business.
EMV Capital converted its loan and accrued interest at a 70 percent discount to the fundraising issue price. Following the fundraising and anticipated full conversion of the convertible loan, EMV Capital’s total equity holding in Q-Bot will be 30.2 percent of the issued share capital, with a post-investment fair value of £1.4 million. This represents a 71 percent increase compared to the £0.8 million fair value at December 31, 2024.
Additionally, EMV Capital Partners has introduced other investors to Q-Bot, bringing the group’s third-party assets under management with Q-Bot to 45.3 percent of the issued share capital, equating to a post-investment fair value of approximately £2.1 million.
The information is based on a press release statement from EMV Capital plc.
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