Metir raises £1m to accelerate water testing growth and bolster working capital

Microsaic Systems ( (GB:MET) ) has provided an announcement.

Metir plc has completed a placing of 133,333,333 new shares at 0.75p to raise up to £1m before expenses, alongside an equal number of investor warrants exercisable at 1.5p, to strengthen its working capital and support accelerated growth towards profitability. The funds will be used to increase production capacity for its Microtox instruments and SRB kits, build inventory to convert a growing order book into revenue, scale 24/7 continuous toxic monitoring deployments such as its Qatar project, further develop CTM software and PFAS technologies, and invest in sales, marketing and distribution infrastructure, while leaving the company with an expected net cash position of about £1.09m and adequate working capital. The placing shares, representing around 30% of the enlarged share capital, are expected to be admitted to trading on AIM on or around 24 December 2025, with director Nigel Burton participating as a related party on the same terms as other investors, a move the independent board members deem fair and reasonable for shareholders.

More about Microsaic Systems

Metir plc, listed on AIM, is a global provider of fast-response mobile and point-of-use water and environmental testing technologies. Its portfolio includes Microtox LX and FX instruments, sulphate-reducing bacteria kits, continuous toxic monitoring systems for potable water, and PFAS detection technologies, serving utilities, state operators and industrial customers worldwide.

Average Trading Volume: 790,799

Technical Sentiment Signal: Strong Sell

Current Market Cap: £2.4M

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