Stem cell specialist raises £1.47m through share placing
Manchester stem cell services company WideCells Group has raised around £1.47m, before expenses, through a placing of 48m shares.
As part of the placing, the group also intends to make available subscriptions of up to £650,000 by way of a live market bookbuild, of which £200,000 is conditionally committed and forms part of the £1.47m proceeds, and subscriptions up to £450,000 would represent further gross proceeds for the group.
The live market bookbuild will involve the issue of up to 21,666,667 new ordinary shares.
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