Kropz Plc (GB:KRPZ) has released an update.
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Kropz Plc has announced the successful conditional subscription of approximately 243 thousand shares by retail investors and a further 643 million shares by ARC Fund, raising a total of £8.9 million. The new shares will be admitted to trading on AIM, contingent on the approval of Fundraising Resolutions and other regulatory clearances, with an anticipated effective date of 27 September 2024. Following the admission, the total issued share capital of Kropz will increase to over 1.56 billion shares, with ARC’s shareholding potentially reaching up to 96.8% if certain conditions are met.
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