Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Self-described “leading supplier of composite material kits to aerospace and other high-performance manufacturers”, Velocity Composites (VEL) “is pleased to announce… additional demand from a strategic investor to invest £190,000 by way of a conditional subscription for 475,000 new ordinary shares… The net proceeds from the additional subscription will, together with the net proceeds from the fundraising, be used for CAPEX, people (engineering, software and business development) and working capital for expansion”. What of this, with the shares currently at 42p?
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