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The latest update is out from Rosslyn Data Technologies ( (GB:RDT) ).
Rosslyn Data Technologies has closed its Retail Offer, issuing 2,395,600 new shares at 2 pence each, as part of a broader capital raise alongside a firm placing, conditional placing and 2026 convertible loan notes. In total, the company has conditionally secured approximately £1.13 million in gross proceeds to support its operations and strategic objectives.
Admission of 7,399,000 shares from the firm placing to trading on AIM has already occurred, while admission of a further 36,516,451 new shares from the conditional placing, fee share issuance and Retail Offer remains subject to shareholder approval at a 13 April general meeting. If approved, total shares in issue will rise to 117,902,876, increasing the company’s free float and potentially diluting existing holdings while providing fresh capital for the business.
The most recent analyst rating on (GB:RDT) stock is a Sell with a £2.00 price target. To see the full list of analyst forecasts on Rosslyn Data Technologies stock, see the GB:RDT Stock Forecast page.
Spark’s Take on RDT Stock
According to Spark, TipRanks’ AI Analyst, RDT is a Neutral.
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and bearish technicals (price below major moving averages and negative MACD). Corporate events provide some offset through improved liquidity from fundraising, but dilution risk remains, while valuation is constrained by negative earnings and no dividend support.
To see Spark’s full report on RDT stock, click here.
More about Rosslyn Data Technologies
Rosslyn Data Technologies is a UK-based provider of a cloud-based enterprise data analytics platform. Listed on AIM under the ticker RDT, the company focuses on delivering data insights and analytics solutions to corporate clients seeking to optimise their information management and decision-making processes.
Average Trading Volume: 111,247
Technical Sentiment Signal: Sell
Current Market Cap: £1.44M
For an in-depth examination of RDT stock, go to TipRanks’ Overview page.