Surface Transforms Plc has completed an equity fundraise
Surface Transforms Plc has completed a fundraising. The funds will support the company’s working capital needs and expand its manufacturing capacity, further strengthening its position in the market.
Surface Transforms (AIM: SCE) is a highly innovative manufacturer of next generation carbon-ceramic brake discs for automotive and aircraft applications. The company has its own patented materials technology and a team of PhD scientists and degreed engineers who are continually developing new processes for the production of carbon-ceramic materials and new products for various applications.
Oaklins Cavendish, based in the UK, has closed a significantly oversubscribed US$12 million placing, subscription and open offer for Surface Transforms Plc.
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FRP Advisory Group plc has finalized a successful secondary placing
FRP Advisory Group plc has completed a fundraising. The book was oversubscribed and approximately £20.4 million (US$33 million) of shares were sold by certain directors and partners of FRP to new and existing institutional investors at 128 pence per ordinary share.
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