Getech Group plc (GB:GTC) has released an update.
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Getech Group plc, a leading subsurface resource locator, is set to raise £1.5 million through a combination of new share placements and subscriptions, including a separate retail offer via BookBuild. The funds will drive sustainable growth, bolster the balance sheet, and allow for R&D investment, with the goal of achieving a cash-flow positive status within the year. The Issue Price of the shares represents an 11.11% premium over the latest mid-market closing price.
For further insights into GB:GTC stock, check out TipRanks’ Stock Analysis page.
