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The latest announcement is out from Oxford BioDynamics ( (GB:OBD) ).
Oxford BioDynamics has announced a retail offer to raise up to £500,000 through the issuance of 100,000,000 new ordinary shares, aimed at engaging existing eligible shareholders in the UK. This fundraising initiative, part of a broader strategy that includes a £6 million placing and subscription, signals the company’s efforts to bolster its financial resources and strengthen its market position. The retail offer is contingent upon shareholder approval and the successful admission of new shares to trading on AIM, reflecting a significant step in Oxford BioDynamics’ capital-raising activities.
More about Oxford BioDynamics
Oxford BioDynamics is a precision clinical diagnostics company that focuses on developing specific and sensitive tests based on its proprietary EpiSwitch® 3D genomics platform. The company primarily serves the medical field by providing advanced diagnostics solutions.
YTD Price Performance: -40.0%
Average Trading Volume: 4,651,142
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.91M
Learn more about OBD stock on TipRanks’ Stock Analysis page.
