XP Power Ltd (LSE:XPP) surged over 21% on Tuesday in response to the results of the electronics group’s latest funding round.
The group raised £43.9 million through a share placing at an 11% premium to Monday’s closing price.
An additional retail offer raised a further £1.5 million in gross proceeds.
XP Power’s London-listed shares were changing hands at 1,254p at the time of writing.