Source - Alliance News

Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Raises £3.3 million, as was its plan as disclosed in Wednesday’s announcement. Places 517.0 million placing shares and posts a subscription of 23.0 million shares, both at the issue price of 0.5 pence per share, as well as the issue of £600,000 of convertible loan notes. Further, a retail offer to raise up to £500,000 that was announced on Wednesday is expected to close next week Tuesday. The company will use the funds as a path to profitability as it focuses on innovation opportunities such as generative AI.

Current stock price: 0.54 pence, closed up 8.5% on Thursday

12-month change: down 74%

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