Avacta is raising £3.25m gross through an oversubscribed conditional placing of 6.5m new ordinary shares at 50p to HNWI. Net proceeds of c £3.1m will be used to settle the next quarterly convertible bond (CB) repayment (principal and interest) due on 20 October 2025, after which the remaining CB principal will be £20.4m. New shares will be admitted to trading on 12 September 2025, increasing Avacta’s issued share capital to 411,048,875. This follows a similar £3.25m gross equity raise in July (10.8m new shares at 30p) whereby proceeds settled the 21 July 2025 quarterly repayment.
Avacta: Trinity Delta
Sep 2, 2025Disclaimer & Declaration of Interest
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