Haydale Graphene Raises £2.13M in Heavily Discounted Placing
Why we think this is bad
The heavily discounted 28.0% raise at 0.45 GBp per share, compared to the previous closing price of 0.5565 GBp, is a major concern. This suggests low investor appetite and potential financial challenges for the micro-cap company.
Key Points
- Haydale Graphene raises £2.13 million through a conditional subscription
- New shares issued at 0.45 GBp, representing a 28.0% discount to the previous closing price of 0.5565 GBp
- Raise will result in 12.3% dilution for existing shareholders
- Proceeds to be used to support the company's growth
Summary
The advanced materials group has raised £2.13M through a discounted share placing, raising concerns about the company's financial position and investor confidence.
Haydale Graphene Industries plc has raised approximately £2.13 million through a conditional subscription for 474,010,883 new ordinary shares at an issue price of 0.45 GBp per share. This represents a 28.0% discount to the company's previous closing share price of 0.5565 GBp. The proceeds will be used to support the company's growth. However, the heavily discounted nature of the raise is a major concern, suggesting low investor appetite and potential financial challenges for the micro-cap company.
Key Dates
June 27, 2025
Admission of new shares to trading on AIM
PLACING