Speciality polymers company Itaconix Plc (LON:ITX) raised an extra £120,000 through the open offer that was announced at the same time as its placing.
It received applications for 5.93mln open offer shares, all of which were satisfied in full.
READ: Itaconix to raise up to £4.3mln through a share issue
There was additional interest from the US where investors have subscribed for enough shares to raise another £100,000 or so.
The company has therefore conditionally raised additional gross proceeds of £130,000 in aggregate from the open offer and US additional subscription to raise total gross proceeds of £3.5 million from the fund-raising (i.e. including the money to be raised through the share placing).
The fund-raising still needs to be approved by shareholders at a general meeting that is expected to be held tomorrow in London at 11.00am.
Shares in Itaconix were unchanged on Wednesday morning.