Quantum Blockchain Technologies PLC (AIM:QBT) raised £350,000 of proceeds as a result of an exercise of warrants.
Some 17.5mln warrants were previously issued to John Story, in connection to a £1mln share placing in February. They have been exercised at a price of 2p – compared to the current market price of 3.69p per share.
The company said it will use the cash injection as working capital designated for its research and development programme.
In London, Quantum Blockchain shares were up 15.2% in Friday’s early deals, changing hands at 3.66p.