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IQE plc ( (GB:IQE) ) has shared an update.
IQE plc has announced a convertible loan note financing, raising £18 million through agreements with existing investors and executives, led by major shareholder Lombard Odier. The secured loan notes, subordinated to an existing HSBC facility, will provide short-term liquidity and support IQE’s ongoing strategic review aimed at unlocking value and ensuring financial resilience. The transaction requires shareholder approval and is seen as essential for maintaining liquidity during the company’s strategic review process, which reassesses operations, including possible changes in Taiwan.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, offering products for applications in smart connected devices, communications infrastructure, automotive and industrial sectors, and aerospace.
YTD Price Performance: 56.40%
Average Trading Volume: 3,532,850
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £157.3M
See more data about IQE stock on TipRanks’ Stock Analysis page.
