GenIP Plc (GNIP) shares were down some 45% on Thursday, after it raised £300,000 through a placing to support platform automation and international expansion.
The company issued 3 million new shares priced at 10p each, representing about 17% of its existing share capital before admission.
GenIP said the proceeds would be used to embed new products into its core Invention Evaluator platform, reducing manual processes and improving margins. It also plans to expand commercial activity in Asia and LATAM, where it has recently secured new contracts.
"This investment enables the technical integration of our new, high-value products into a single, automated platform," CEO Melissa Cruz said.
Cruz added that the upgrade would support scalable growth and strengthen the firm's commercial rollout of products such as Invention Validator and Competitive Intelligence Reports.
In London, GenIP shares were down 8.3p or 45% to trade at 10.19p.