Ensilica PLC (GB:ENSI) has released an update.
EnSilica PLC, a leading chip maker, has announced a fundraising initiative to raise a minimum of £4.3 million to bolster its balance sheet and finance growth in supply revenues, as well as investments in technology and engineering staff. The fundraise comprises a mix of new ordinary share placements to institutional investors and a separate retail offer to existing shareholders, aiming also to raise an additional £0.3 million. The proceeds will support the company’s continued expansion in the high-demand ASIC design and supply market.
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