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NetScientific ( (GB:EMVC) ) has provided an announcement.
EMV Capital plc announced that its portfolio company, Q-Bot Limited, has successfully closed an initial tranche of approximately £350,000 as part of its equity fundraising program, with a total target of up to £1 million. This fundraising, led by EMV Capital Partners, will support Q-Bot’s growth strategy as it transitions to a lean technology business. EMV Capital’s conversion of a convertible loan at a discounted rate has increased its equity holding in Q-Bot to 30.2%, reflecting a significant rise in the company’s post-investment fair value. The fundraising is expected to enhance Q-Bot’s market position and profitability, benefiting both existing and new investors.
More about NetScientific
EMV Capital plc, formerly known as NetScientific plc, is a venture capital investment group specializing in deep tech and life sciences. The company focuses on early-stage, IP-rich companies, aiming to generate superior returns for investors by advancing these companies to critical value inflection points. EMV Capital employs a proactive management style, offering Board representation and Value Creation Services to its portfolio companies. Headquartered in London, it is quoted on the AIM market of the London Stock Exchange.
Average Trading Volume: 40,257
Technical Sentiment Signal: Sell
Current Market Cap: £13.27M
See more insights into EMVC stock on TipRanks’ Stock Analysis page.