Ilika plc Announces Capital Raise for Battery Projects
Company Announcements

Ilika plc Announces Capital Raise for Battery Projects

Ilika plc (GB:IKA) has released an update.

UK-based Ilika plc, specializing in solid-state battery technology, is set to raise approximately £3.4 million through a combination of a placing and an open offer. The capital raised will support the development of their Goliath solid-state battery projects, aiming to increase battery testing capacity and upgrade facilities. The company offers new ordinary shares at 28 pence each, a slight discount to the recent closing market price, and expects the funding to provide sufficient working capital for over 12 months.

For further insights into GB:IKA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskIlika plc Announces Major Shareholder Update
TipRanks UK Auto-Generated NewsdeskIlika plc Advances Solid-State Battery Safety
TipRanks UK Auto-Generated NewsdeskIlika plc Reports Successful AGM and Exec Share Awards
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App