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(Correcting QVP to QVP I, following a replacement statement by Fiinu correcting an error in the original release, which incorrectly referred to QVP.) Fiinu PLC on Tuesday saw its shares fall as it reported a share subscription, with Luxembourg-based investment fund QVP I backing the raise. The Weybridge, Surrey financial technology provider said it has entered into agreements to raise up to £1.4 million through issuing 9.4 million shares at 15 pence per share. Shares in the company closed down 8.1% at 15.90p per share on Tuesday in London. The subscription shares are set to be issued to institutional and other investors, said Fiinu, with QVP I subscribing for a ‘significant portion of the fundraise.’ Fiinu said the fundraise is in response to market demand, with the funds earmarked for additional working capital. Fiinu noted that the issue price represents a 50% premium to the subscription announced earlier this month in connection to the reverse takeover of Everfex PSA, adding that it mirrors the price of the major facility settlement reported on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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