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Cap-XX Ltd - Sydney-based supercapacitor and energy management system manufacturer - Applies to admit 129.2 million new shares to be admitted to trading on AIM after shareholders vote in favour of it. The new shares are about 22% the size of the company’s current shares in issue of 586.8 million shares. The company in May said it raised £2.4 million via another share placing of £181.5 million shares at 1.3p per share, which increased its total shares to the current £586.8 million. It plans to apply the money towards new product development and driving revenues through sales and marketing. Current stock price: 1.26 pence, up 3.3% on Friday 12-month change: down 71% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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