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Cake Box Holdings PLC Raises £7 Million in Oversubscribed Share Placing

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Cake Box Holdings PLC Raises £7 Million in Oversubscribed Share Placing

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Cake Box Holdings ( (GB:CBOX) ) has issued an announcement.

Cake Box Holdings PLC has successfully raised £7 million through an oversubscribed placing of new ordinary shares, with strong support from both existing and new institutional investors. The funds raised will enhance the company’s financial position and potentially strengthen its market presence, with the new shares expected to be admitted to trading on the AIM market of the London Stock Exchange.

More about Cake Box Holdings

Cake Box Holdings PLC is the UK’s largest retailer of fresh cream celebration cakes, focusing on providing a wide range of high-quality cakes for various celebrations.

Average Trading Volume: 38,834

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £76M

For a thorough assessment of CBOX stock, go to TipRanks’ Stock Analysis page.

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