17 September 2020 - fund raising
Following the release of the interim results last week, AIM listed Surgical Innovations has announced a successful fund raising which has raised gross proceeds of £2.2m through the issue of 137.5m shares at 1.6p. It is pleasing to see that the group's six major shareholders supported the fund raise whilst a new large shareholder has also joined the share register. This equity raise was not unexpected following the recovery in revenues seen in the third quarter and the proceeds of the issue will provide additional working capital to fund this continued . . .
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