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LifeSafe Holdings PLC - Essex, England-based developer of fire safety products - Launches a retail offer to raise up to £500,000 via the issue of new shares at 3 pence each. Says this represents an around 7.7% discount to its 3.25p closing share price on Friday. The offer follows LifeSafe on Tuesday reporting it has raised around £700,000 through a recent subscription of 23.9 million new shares. According to the company, it is ‘currently working capital constrained’ and needs a cash injection ‘to meet its current and future liabilities...through to the company becoming profitable during 2026’. LifeSafe stressed that urgent alternative financing will be required if this next fundraise does not complete. Failing any alternatives, the result may be a sale or administration process. LifeSafe has gone as far as proposing to delist from London’s AIM and re-register as a private company. Current stock price: 2.50 pence, down 9.1% in London on Wednesday afternoon 12-month change: down 75% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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