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An announcement from XP Power ( (GB:XPP) ) is now available.
XP Power has successfully completed a retail offer, raising £1 million through the issuance of new ordinary shares at a discounted price. The total fundraising effort, including a larger placing, brought in gross proceeds of £41 million, which will be used to strengthen the company’s balance sheet and support the development of its Malaysia facility. This strategic move is expected to enhance XP Power’s financial flexibility and operational capabilities, potentially impacting its market position positively.
More about XP Power
XP Power is a company operating in the power solutions industry, providing power converters and related products for various sectors including industrial, healthcare, and technology markets.
YTD Price Performance: -21.29%
Average Trading Volume: 38,290
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £241.8M
See more insights into XPP stock on TipRanks’ Stock Analysis page.