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AMTE Power – “pleased to announce” fundraising progress… but it’s not to last long!…

By Steve Moore | Monday 4 December 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.


Describing itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, AMTE Power (AMTE) “is pleased to announce that both of the resolutions were passed at its general meeting this morning to approve the placing agreement and the convertible loan facility”.So what of the shares currently lower at 1p in response?
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