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Aggregated Micro Power Holdings set for boost from Incubex revaluation

AMP holds a 27.89% stake in IncubEx, which plans to offer up to US$5mln of Class B-1 units
wind turbine
IncubEx is an incubator for exchange-traded products, services, and technology solutions

Renewable energy specialist Aggregated Micro Power Holdings PLC (AIM:AMPH) looks set to book a significant uplift to the value of its investment in an exchange traded products business which is raising capital.

AMP holds a 27.89% stake in IncubEx, which plans to offer up to US$5mln Class B-1 units, valuing the business at US$50mln pre-money.

READ: Aggregated Micro Power ups revenue forecast by a third after cold blast

AMP will contribute up to US$2.1mln (£1.5mln), which would give it a 29.16% holding in Incubex, though the figure would be reduced to US$1.84mln if all the investors contribute.

An unnamed major strategic investor has pledged US$1.65m to the fundraise, the company said in a statement.

AMP's IncubEx shareholding will rise in value to US$16mln (£11.3mln) from US$3.3mln (£2.3mln) following the stock offering.

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Aggregated Micro Power Holdings PLC Timeline

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