EMV Capital plc (AIM: EMVC), the deeptech and life sciences VC investment group, is pleased to announce, the closing of the Retail Offer and the final result of its oversubscribed Fundraising at the Issue Price of £0.50 pence per New Share. The Company has raised aggregate gross proceeds of £1.5 million, of which £932,752 was raised pursuant to the Subscription and £567,248 was raised pursuant to the Retail Offer.
Dr Ilian Iliev, CEO of EMV Capital plc, commented:
“We are pleased to close our oversubscribed fundraising, at a notable premium in this difficult macro-economic climate where we are aware of many other fundraisings being at a substantial discount. This has been possible due to EMV Capital Partners and its introduction of supportive existing and qualifying new investors, many of whom frequently participate in the funding of our portfolio companies. I welcome our new shareholders, and we look forward to deploying the funds raised to develop the Company’s growth strategy.”
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