Directa Plus has announced plans to raise between GBP6.8 to GBP6.9 million (between USD$8,663,000 - USD$8,800,000).
Cavendish Capital Markets Ltd and Singer Capital Markets Securities Ltd are acting as joint brokers to the placing. Nant Capital, the largest shareholder in Directa Plus, agrees to take part in this raise.
Non-Executive Chair, Richard Hickinbotham, comments: "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."