Light Science Technologies – from “delighted to be joining AIM” at 10p per share to “pleased to announce” equity raise at 1p per share in less than 18 months!
“Controlled environment agriculture technology and contract electronics manufacturing” company Light Science Technologies (LST) states that it “is pleased to announce that it has conditionally raised gross proceeds of £1.50 million through the proposed issue of 150,000,000 new ordinary shares… at a price of 1 penny per share” to “be predominantly used for product development and intellectual property protection within the company's CEA division, as well as for general working capital purposes”. Is that really so?
