Restoration to Trading and Financial Position
Clean Power Hydrogen plc has requested the lifting of its trading suspension following a proposed fundraising, with the Firm Placing element raising approximately £2.54 million in gross proceeds. The net proceeds from this placement are expected to provide sufficient working capital through December 2026, addressing the company's constrained working capital position. If the remaining fundraising elements are completed, the total net proceeds will support a shift towards a capital-light model focused on strategic partnerships, manufacturing agreements, and technology licensing, providing at least 12 months of working capital through June 2027.
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Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology company, confirms that it has requested the suspension of trading in the Company's ordinary shares to be lifted at 7.30 a.m. today. This follows the announcement of the proposed Fundraising on 1 July 2026.
The Firm Placing element of the Fundraising, which raised gross proceeds of approximately £2.54 million, is expected to complete today following the Admission of the Firm Placing Shares to trading on AIM. The net proceeds of the Firm Placing are expected to address the Company's constrained working capital position by providing the Company with sufficient working capital through to December 2026.
Subject to completion of the remaining elements of the Fundraising, the total net proceeds are expected to support the Company's revised strategic direction with a focus on transitioning towards a capital-light model, centred on strategic partnerships, manufacturing agreements and the global licensing of its proprietary technology and are expected to provide the Company with sufficient working capital for at least the 12-month period ending June 2027.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.