Thruvision Group PLC (AIM:THRU, OTC:DIGTF) has raised a minimum of £2.5 million through a placing and proposed subscriptions, extending its cash runway from year-end to 2027 and giving the company space to scale up commercial plans.
The oversubscribed placing raised £2.125 million, with a further £375,000 expected from directors and staff once results are published. A £250,000 retail offer is also in the pipeline.
Shares slipped 7% to 1.3p following the announcement but remain above the 1p issue price, which represents a 29% discount to the close.
If fully taken up, the new shares will more than double Thruvision’s current share capital.
The AIM-listed walk-through security technology firm said the fundraising strengthens its financial footing and helps support long-term growth.