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An update from Gelion PLC ( (GB:GELN) ) is now available.
Gelion PLC has successfully completed an oversubscribed WRAP Retail Offer, raising approximately £10.5 million through the issuance of new Ordinary Shares. This fundraising effort, which includes a Placing, Subscription, and WRAP Retail Offer, is contingent upon shareholder approval at an upcoming General Meeting. The funds raised are expected to support Gelion’s strategic initiatives and strengthen its market position in the energy storage industry.
More about Gelion PLC
Gelion PLC is a global innovator in the energy storage industry, focusing on developing advanced energy storage solutions. The company is known for its innovative approaches to energy storage technology, which are aimed at enhancing efficiency and sustainability in the energy sector.
Average Trading Volume: 112,544
Technical Sentiment Signal: Buy
Current Market Cap: £44.21M
For an in-depth examination of GELN stock, go to TipRanks’ Overview page.