Powerhouse Energy Completes Retail Offering, Raises £1.375 Million
Why we think this is neutral
This RNS announcement provides an update on the completion of Powerhouse Energy's retail offering, which raised £1.375 million in total. As it does not contain any of the mandatory news types, such as a trading update or financial results, the sentiment is considered neutral.
Key Points
- Retail offering raised £125,000 through 25,000,000 new shares
- Total raised, including recent placing, is approximately £1.375 million
- Funds will support Powerhouse's current project pipeline and business development
Summary
The industrial machinery company has successfully completed a retail offering, raising £1.375 million to support its current project pipeline and drive forward its business.
Powerhouse Energy Group Plc (PHE) has announced the successful completion of its retail offering, which raised £125,000 through the issuance of 25,000,000 new ordinary shares. Combined with a recent placing, the company has raised a total of approximately £1.375 million. The funds will enable Powerhouse to increase momentum across its current project pipeline and drive forward its business.
GENERAL UPDATE