EQTEC plc (GB:EQT) has released an update.
EQTEC plc, an innovator in waste-to-value energy solutions, has successfully raised approximately £850,000 through a discounted equity placement of new ordinary shares. The funds will be used to bolster the company’s working capital and support the strategic pivot announced earlier, with no debt repayment involved in this capital raise. The additional capital is anticipated to provide a stable financial runway for upcoming project developments and strategic initiatives.
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