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Praetura Growth VCT PLC ( (GB:PGV) ) just unveiled an announcement.
Praetura Growth VCT PLC has issued a prospectus for a subscription offer of up to £10 million in ordinary shares, with an additional over-allotment facility for another £10 million. The proceeds will be used to expand their portfolio of high-growth technology and healthcare businesses, aligning with their investment strategy. The merger of Praetura Ventures with Par Equity to form PXN Group is expected to provide enhanced access to deal flow and co-investment opportunities, strengthening the company’s position in the venture capital market.
More about Praetura Growth VCT PLC
Praetura Growth VCT PLC operates in the venture capital industry, focusing on long-term capital appreciation by investing in a diversified portfolio of growth companies. The company primarily targets scalable businesses located in or servicing regions outside of London and the South East of England. The investment manager, Praetura Ventures Limited, has recently merged with Par Equity to form the PXN Group, enhancing its regional venture capital platform with approximately £660 million in assets.
Technical Sentiment Signal: Hold
Current Market Cap: £3.02M
See more data about PGV stock on TipRanks’ Stock Analysis page.