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LONDON - Vault Ventures Plc, a company focused on early-stage technology businesses in blockchain and fintech sectors, has completed its retail offer via the Winterflood Retail Access Platform (WRAP), raising £450,000 through the issuance of 2.25 billion new ordinary shares.
The company announced Tuesday that the offer, initially set to raise £300,000, was increased by £150,000 due to strong investor demand. The new shares were priced at 0.02 pence each.
This capital raise complements the £1 million the company secured on July 2, bringing the total recent fundraising to £1.45 million.
"This level of interest from the retail market is an indication of investor confidence in our strategy and long-term vision," said Brian Stockbridge, Non-Executive Chairman, in the press release statement.
The company stated that proceeds will support strategic initiatives, including the incubation of technology companies through its recently announced acquisition of System7, while also contributing to treasury growth.
Application will be made for the new shares to be admitted to trading on the Aquis Stock Exchange Growth Market, with admission expected around July 14. Following admission, the company’s issued share capital will comprise 21.44 billion ordinary shares.
The company also announced plans to host its first "Ask Me Anything" session via X (formerly Twitter) Spaces following its general meeting, where board members will respond to pre-submitted questions about company plans and strategy.
Vault Ventures describes itself as a company that identifies, develops and commercializes early-stage technology businesses, primarily in the blockchain and fintech sectors.
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