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Gelion PLC ( (GB:GELN) ) has shared an announcement.
Gelion PLC has successfully raised £10 million through a Placing and Subscription, issuing 50 million new shares. The fundraising includes a Retail Offer to raise an additional £0.5 million, with the results to be announced on 24 October 2025. The funds will support Gelion’s strategic initiatives and strengthen its market position in the energy storage industry. Directors of the company have participated in the fundraising, which is considered a related party transaction but deemed fair by the independent director. The new shares are expected to be admitted to trading on AIM by 7 November 2025.
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 listed on the AIM market and is committed to enhancing energy storage capabilities to support various sectors.
Average Trading Volume: 87,279
Technical Sentiment Signal: Buy
Current Market Cap: £43.33M
For a thorough assessment of GELN stock, go to TipRanks’ Stock Analysis page.