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An announcement from Drumz ( (GB:ACRM) ) is now available.
Acuity RM Group plc has announced a fundraising initiative to raise approximately £0.35 million through the issuance of new ordinary shares. The proceeds will be used for general working capital, with the fundraising comprising a placing and direct subscription of shares. The company also plans to issue warrants to subscribers, allowing them to purchase additional shares at a future date. This move is expected to strengthen Acuity’s financial position and support its ongoing operations, with the new shares representing about 14.6% of the company’s enlarged share capital.
More about Drumz
Acuity RM Group plc is a provider of risk management services, known for its STREAM® software platform that aids in data collection and analysis to enhance business decisions. The company operates in various markets, including government, defense, broadcasting, utilities, manufacturing, and healthcare, with a focus on sustainable growth through organic expansion and strategic acquisitions.
Average Trading Volume: 859,861
Technical Sentiment Signal: Sell
Current Market Cap: £2.46M
Learn more about ACRM stock on TipRanks’ Stock Analysis page.