Versarien has updated that it has raised £400,000 through a placing to bolster its working capital position and take advantage of business leads it is receiving.
The Company will use this further funding to progress the conversion of recent leads while the asset sale discussions continue. Versarien also recently signed a sales agreement with Go To Gym for the distribution of Graphene-Wear products across the Americas, and a collaboration with IRPC, a Thai petroleum and petrochemical giant, for the co-development of advanced materials.
Concurrently, the company is engaged in discussions regarding the sale of its mature business divisions and assets acquired from Hanwha Aerospace in 2020.
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Posted: Jan 19,2024 by Roni Peleg