Source - Alliance News
Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and manufacturing company - Intends to raise £6.5 million before fees and expenses through a placing and subscription at 5 pence per share. Also launches a retail offer for up to 6 million new shares at the same issue price to raise around £300,000. Proceeds will be used to fund the firm’s working capital requirements through to the site acceptance test of its first commercial MFE220 unit, or membrane-free electrolyser, to accelerate commercial pipeline growth and to drive new product sales.
Current stock price: 5.20 pence, up 2.0% in London on Thursday
12-month change: down 44%
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