Ilika plc Raises £1.7M for Battery Tech Expansion

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

Ilika plc has announced the successful placement of 6,071,428 new shares at 28 pence each, aiming to raise £1.7 million. This capital raise is set to fund the development of their solid-state battery technology, with the issue price representing a 5.1% discount on the last closing market price. Additionally, the company is offering existing shareholders the opportunity to participate through an open offer to raise a matching amount.

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