Offer funds business development, growth of commercial activities
By Devika Patel
Knoxville, Tenn., March 7 - Acta SpA said it raised £2.03 million in a private placement of shares at 4p each.
The company sold 50,843,000 ordinary shares. The per-share price is a 13.61% discount to the March 6 closing share price of 4.63p.
Heliocentris Energy Solutions AG invested €250,000.
Proceeds will be used for business development and to continue the growth of the company's commercial activities.
The Pisa, Italy, company makes products for renewable energy, carbon-free motoring and battery applications.
| Issuer: | Acta SpA
|
| Issue: | Ordinary shares
|
| Amount: | £2,033,720
|
| Shares: | 50,843,000
|
| Price: | 4p
|
| Warrants: | No
|
| Investor: | Heliocentris Energy Solutions AG (for €250,000)
|
| Settlement date: | March 7
|
| Stock symbol: | London: ACTA
|
| Stock price: | 4.63p at close March 6
|
| Market capitalization: | £2.19 million
|
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