Windar Photonics PLC (AIM:WPHO) rocketed 121% to 17.4p after its shares began trading on the AIM market once again.
Shares in the developer of wind sensor technology for wind turbines had been suspended following the publication of its full-year and interim results on 25 November, which were delayed.
In June, the group said it would not be able to publish results following discussions with auditors.
Additionally, the group said it conditionally issued over 12mln shares at a price of 15p per share.
“The proceeds of the capital raise will be put to use for working capital purposes and will ensure the company has a strong financial position to facilitate the delivery of the order book to customers, which in 2022 has been further enhanced by the global increase in cost of energy, whereby the value of our proposition and our product offerings increases,” said chief executive Jørgen Korsgaard Jensen.
“The main benefit from the product offerings is to increase power generation from new and existing wind turbines, and at the same time, positively contribute to a more worldwide sustainable green power generation transformation in the future."