By Marisa Wong
Milwaukee, Feb. 26 - ViaLogy plc announce that it raised £2.88 million through a placement of new ordinary shares with existing shareholders.
ViaLogy placed 59,118,858 ordinary shares at 4.875p per share.
Seymour Pierce Ltd. was the broker and adviser.
Net proceeds from the offering will be used to further expand ViaLogy's energy business and for working capital purposes.
Based in Pasadena, Calif., ViaLogy develops computational systems for applications in life sciences, public safety and security, surveillance, defense and geoseismology.
| Issuer: | ViaLogy plc
|
| Issue: | Ordinary shares
|
| Amount: | £2.88 million
|
| Shares: | 59,118,858
|
| Price: | 4.875p
|
| Warrants: | No
|
| Agent: | Seymour Pierce
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Stock symbol: | London: VIY
|
| Stock price: | 6.75p at close Feb. 26
|
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