Molten Ventures VCT Completes £6.7m Fundraise
Why we think this is neutral
The RNS provides details on the completion of a £6.7 million fundraise by Molten Ventures VCT through the issue of new shares. As this is a standard announcement of a successful equity raise, the sentiment is neutral and does not warrant a more detailed analysis.
Key Points
- Molten Ventures VCT plc has completed a £6.7 million fundraise
- 15,531,201 new ordinary shares were issued at prices between 41.74p and 43.82p per share
- The fundraise was fully subscribed
Summary
The investment company has successfully raised £6.7 million through the issue of new shares.
Molten Ventures VCT plc has announced the completion of its £6.7 million fundraise through the issue of 15,531,201 new ordinary shares. The shares were issued at prices ranging from 41.74p to 43.82p per share, based on an adjusted net asset value of 41.7p per share. The fundraise was fully subscribed and the company's total issued share capital is now 290,697,160 ordinary shares.
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