WANdisco has this morning confirmed that its $30m fundraise will take place at the end of the month.
It stated that it expected its re-admission to the AIM market to happen on the same day – 25th July.
The Sheffield tech firm is seeking to recover from a financial scandal which led to its suspension from AIM on 9th March.
As reported earlier in the week, a total of 47.5m new ordinary shares are expected to be issued by WANdisco at 50p per share. This would raise $30m (gross) and would involve “certain Directors and members of management.”
The firm stated that it expected to publish its delayed FY22 Annual Report and Accounts “in the coming days.” After that it would request that the AIM suspension be lifted.
This is all subject to passing of the resolution at its general meeting on 24th July.
