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Gelion PLC ( (GB:GELN) ) has issued an announcement.
Gelion PLC announced the successful completion of its fundraising initiative, raising approximately £2.0 million through a combination of placing and subscription of new shares. The company also plans a Retail Offer to existing UK shareholders to raise additional funds, with the results to be announced after the offer closes. This fundraising effort is contingent on shareholder approval at an upcoming General Meeting, and the new shares are expected to be admitted to trading on AIM by early May 2025. The participation of company directors in the fundraising is considered a related party transaction, deemed fair and reasonable by independent directors.
More about Gelion PLC
Gelion PLC is a global energy storage innovator, focusing on the development and commercialization of advanced energy storage solutions.
YTD Price Performance: -39.71%
Average Trading Volume: 53,566
Technical Sentiment Signal: Buy
Current Market Cap: £15.22M
For an in-depth examination of GELN stock, go to TipRanks’ Stock Analysis page.