Incanthera PLC (AQSE:INC) has received a cash injection of just shy of £520,000 from a warrant exercise at 10p each, bringing the total of new capital raised in recent weeks to £716,667.
It follows a previous warrant exercise, earlier this month, and a further £25,000 is also expected to be received shortly, added the skin care specialist.
Tim McCarthy, chairman, said: "We are delighted with the positive response of the warrant exercise.
"These warrants were originally issued as part of a fundraising in 2021, and this strong take-up demonstrates the confidence shown by many long-standing loyal shareholders in the company's future prospects and the management's strategy.
“This further strengthens the company's cash position as we prepare for the launch of our luxury skincare range Skin + CELL.”