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Clean Power Hydrogen PLC ( (GB:CPH2) ) has shared an update.
Clean Power Hydrogen PLC has announced the successful completion of its oversubscribed Retail Offer, raising gross proceeds of £0.328 million through the issuance of 6,555,315 shares at 5 pence each. The company also issued additional shares due to high demand, resulting in a total of 147,588,895 new shares being issued, raising approximately £7.4 million. This fundraising effort aims to provide additional working capital and strengthen the company’s balance sheet, subject to shareholder approval at an upcoming General Meeting.
More about Clean Power Hydrogen PLC
Clean Power Hydrogen PLC operates in the renewable energy industry, focusing on the production and development of hydrogen-based energy solutions. The company is involved in creating sustainable and clean energy alternatives, contributing to the growing demand for renewable energy sources.
Average Trading Volume: 402,002
Technical Sentiment Signal: Sell
See more insights into CPH2 stock on TipRanks’ Stock Analysis page.