TEAM plc (GB:TEAM) has released an update.
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TEAM plc has raised £1.33 million through a combination of a convertible loan note and an equity fundraise, enhancing its financial position for deferred payments and operational needs. The company has adjusted the convertible loan note terms, resetting maturity to December 2029 and revising the conversion price to 15 pence per share. Additional shares are expected to commence trading on AIM by December 10, 2024, indicating increased investor interest.
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