![Carbon positive: helping Directa Plus raise £6.8m to accelerate growth](/_media/news/4441.jpg)
25/06/2024
We’re delighted to have helped Directa Plus, a leading graphene nanoplatelets producer, with its c.£6.8m conditional fundraise through a placement and subscription, issuing up to 37.8 million new shares at 18 pence each.
Proceeds will be used to help support the acquisition of a greater stake in its environmental subsidiary Setcar and to invest in select capital equipment and personnel to accelerate the adoption of its proven nanomaterial-based solutions and products.
The funding is subject to shareholder approval and includes potential participation from company directors, which could bring the total to £6.9 million. The result of this fundraising will see Nant Capital LLC holding up to 39.67% of the company’s voting share capital, pending an approved resolution to waive a mandatory cash offer under Rule 9 of the City Code.
Thanks to our wonderful clients ast Cavendish Capital Markets and Singer Capital Markets Securities who are acting as joint brokers to the placing.
Non-Executive Chair, Richard Hickinbotham, commented: "Directa Plus has made consistent progress towards its goal of commercializing its graphene products and processes with a high quality, growing roster of customers. The fundraising will enable the company to accelerate that progress by providing funds for investment in what the board considers to be exciting opportunities. We look forward to beginning the next phase of growth."
If you'd like to find out how we can help ensure the success of your fundraisings, chat with us today: hello@blackandcallow.com
Other recent news
![Purpose, Strategy and Business Model: how to articulate them to meet the 2024 UK Corporate Governance Code (Part 3)](/_media/news/4452_thumb.jpg)
05/09/2024
Purpose, Strategy and Business Model: how to articulate them to …
![Breathing new energy into the sector: B&C helps £4m fundraise and £3.1m acquisitions for EARNZ](/_media/news/4451_thumb.jpg)
02/09/2024
Breathing new energy into the sector: B&C helps £4m fundraise an…
![iRoadshow helps Sirius Real Estate raise £150m for new opportunities pipeline](/_media/news/4450_thumb.jpg)
09/08/2024
iRoadshow helps Sirius Real Estate raise £150m for new opportuni…
![Getting creative: B&C helps with £2.2bn acquisition of Keywords Studios by EQT](/_media/news/4449_thumb.jpg)
05/08/2024