Journeo PLC (AIM:JNEO) shares shot up 8% on Thursday in reaction to a £350,000 retail offer in combination with a £7mln private placing.
Both the offer and placing are priced at 105p per share for a 6.25% discount to the one-month volume weighted average.
Completion of the retail offer is conditional upon completion of the placing but not vice versa.
JNEO shares are now changing hands at 126.9p with a market capitalisation of £11mln.