Enteq Upstream (GB:NTQ) has released an update.
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Enteq Technologies PLC has announced a Retail Offer aiming to raise up to £0.5 million through the issuance of up to 10 million new ordinary shares at 5 pence each, representing a significant discount to the previous closing share price. The offer is part of a broader fundraising initiative including a placing and subscription, with proceeds intended for growth working capital and fleet expansion. The offer is exclusive to eligible existing UK shareholders and is facilitated through the BookBuild platform with an anticipated admission on the AIM market of the London Stock Exchange on 16 October 2024.
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