DG Innovate PLC (LSE:DGI)'s stock soared by 129% following the announcement of a board restructuring and the appointment of three new directors, all former Tesla execs.
Joining the reshaped team are Peter Bardenfleth-Hansen as CEO, Christian Eidem and Jochen Rudat as executive directors,
The electric mobility and energy storage company also said it had secured £2.4 million in new funding through convertible notes fundraising.
The restructured board is set to spearhead the development and commercialisation of the company's technology and pursue significant acquisitions in the electric mobility and energy storage sectors.
At 8.38 am, the stock was up 0.56p at 0.1p.