Seeing Machines raises £1.4m in Australian and overseas offer

20th Jan 2017 08:41

(ShareCast News) - Technology company Seeing Machines announced on Friday that, further to its announcement on 13 December, valid acceptances of the Australian and overseas offers had been received in respect of £1.4m, through the issue of 35,695,382 new ordinary shares at a price of 4p apiece.The AIM-traded company said the offer followed an earlier successful fundraising of £15m."Application has been made for the offer shares to be admitted to trading on AIM and admission is expected to occur on 25 January 2017," the board of Seeing Machines said in a statement."Following admission, the company will have 1,486,455,161 ordinary shares in issue."