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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!

By Steve Moore | Tuesday 4 April 2023


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.


“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?
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