RetailBook were delighted to support CAP-XX Limited as retail offer coordinator in their recent oversubscribed retail offer. Congratulations on achieving this significant milestone. #LSE #Equities #Shares #Investing
£3m oversubscribed fundraise marks key milestone in CAP-XX Limited transformation 🎉 As part of CAP-XX Limited's ongoing transformation under CEO Lars Stegmann, we are delighted to announce the successful completion, pending shareholder approval in December, of a £3 million fundraise, in which both the placing and retail offer were oversubscribed. This achievement represents a crucial step in the company's strategic shift to a product-focused business model, moving away from licensing sales. Our thanks go especially to the Allenby Capital team, whose collaborative efforts helped achieve this outcome despite challenging market conditions. The success of this fundraise reflects positive momentum in CAP-XX Limited’s operational performance, with total revenues up by 26.4% to an anticipated AUS$ 4.6 million for the year ended June 30, 2024. Notably, product revenue has surged by 39.5% over the same period. Early indicators for FY25 are equally strong, with Q1 orders 30% higher than Q1 FY24 and products shipped and invoiced up by 36% year-over-year. This fundraise will further strengthen CAP-XX Limited's growth by enabling entry into new markets and territories, enhancing order execution and reducing delivery times. We look forward to building on this momentum as we expand CAP-XX Limited’s impact across global markets. #Fundraising #Supercapacitors #Growth #VentureCapital