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IN BRIEF: Quantum Base to raise funds via placing and retail offer

ALN

Quantum Base Holdings PLC - Lancaster, England-based quantum science company that specialises in anti-counterfeiting technology and provides authenticity tags - Plans to raise £4.0 million via placing and £750,000 via retail offer, both priced at 21 pence each. Proceeds will provide growth working capital to strengthen the balance sheet, and support costs across staffing, operations and development. The placing will be effected by way of an accelerated bookbuild. Strand Hanson is acting as nominated adviser in connection with the placing and Cavendish acting as sole bookrunner.

Current share price: 21.01 pence

12-month change: down 12%

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