Situations

Large or deeply discounted share issues.

Today

1. Big fundraise Sareum Holdings SAR£38m new

   Discounted equity fundraise

   Sareum paused AIM trading on 8 Oct 2026 to run a fundraise, and on 26 Oct 2026 announced a conditional £3.2m subscription at 14p, a c.49% discount, with warrants.

   Size c.£3.2m before expenses; 22,807,143 new shares; WRAP offer …Price 14p per share

   Next Admission of shares and result of WRAP Retail Offer 29 Oct · in 3 days −40% since 26 Oct · moved 26 Oct

Thursday

1. Big fundraise Cornish Metals PLC TIN£94m new

   Placing of 179% of the market value

   Cornish Metals PLC is raising approximately £135 million (before expenses) by placing, 179.3% of its market value, at a 41.2% discount; the shares moved −41% on the day.

   Stage AnnouncedRaise Placing · approximately £135 million (before expenses)Of market value 179.3%Discount 41.2% to the last close

   −32% since 14 Oct · moved 22 Oct
2. Big fundraise Invinity Energy Systems IES£66m new

   Equity fundraise at 10p

   On 19 Oct 2026 Invinity announced a fundraise of at least £20m at 10p per share, a 43.5% discount, with shares suspended. On 20 Oct 2026 it reported a £10m oversubscribed placing and NWF's £10m cornerstone.

   Raise Placing · approximately £20 millionOf market value 19.8%Discount 43.5% to the last close

   Next General Meeting to approve the fundraise, then Admission 11 Nov · in 16 days −36% since 19 Oct · moved 22 Oct

Wednesday

1. Big fundraise 4basebio 4BB£81m

   Leadership transition and commercial push

   New CEO Amy Walker took over in February 2026 to lead a commercial growth push. H1 results on 28 September showed a £63m pipeline but only £0.3m revenue, an £8.9m loss and £14.1m cash.

   Other insiders M&G 465,830 shares; Elevage 256,504 shares; directors £0.3m …Next milestone Admission expected 8.00 a.m. on 10 November 2026; General …

   Next General Meeting result, then Admission of new shares 10 Nov · in 15 days −5% since 10 Feb · moved 21 Oct

Earlier this month

1. Big fundraise Ferrexpo FXPO£341m

   Placing of 25% of the market value

   Ferrexpo is raising minimum US$100 million by placing, 25.2% of its market value, at a 42.3% discount; the shares moved +13% on the day.

   Stage CompletedRaise Placing · minimum US$100 millionOf market value 25.2%Discount 42.3% to the last close

   +8% since 15 Jul · moved 14 Oct
2. Big fundraise Pennon Group PNN£1,747m

   Rights issue

   On 7 October 2026 Pennon launched a c.£550m fully underwritten rights issue to fund the enlarged AMP8 water investment. Terms are now set: 7 new shares for every 15 held at 250p, a 35.5% discount to TERP.

   Raise Rights issue · £550 millionOf market value 35.7%Discount 44.7% to the last close

   Next Results of the rights issue announced 27 Oct · in 1 days −18% since 7 Oct · moved 7 Oct
3. Big fundraise Earnz EARN£17m

   Placing of 41% of the market value

   Earnz is raising £4,097,500 by placing, 41% of its market value, at a 15.8% discount; the shares moved −10% on the day.

   Stage CompletedRaise Placing · £4,097,500Of market value 41%Discount 15.8% to the last close

   +8% since 30 Sep · moved 6 Oct
4. Big fundraise Metals one MET1£14m

   Placing of 36% of the market value

   Metals one is raising £5m by placing, 35.5% of its market value; the shares moved −6% on the day.

   Stage AnnouncedRaise Placing · £5mOf market value 35.5%Reaction on the day −6%

   +11% since 2 Oct · moved 2 Oct
5. Big fundraise Oxford Biodynamics OBD£16m

   Placing of 59% of the market value

   Oxford Biodynamics is raising £9.15m by placing, 59.2% of its market value; the shares moved −5% on the day.

   Stage AnnouncedRaise Placing · £9.15mOf market value 59.2%Reaction on the day −5%

   −3% since 1 Oct · moved 1 Oct
6. Big fundraise Apertura Energy Plc VZLA£21m

   Concurrent placing up to £30m

   Apertura Energy Plc is raising up to £30 million by placing, 139.9% of its market value; the shares moved +0% on the day.

   Raise Placing · up to £30 millionOf market value 139.9%Reaction on the day +0%

   Next fundraise terms with the prospectus +0% since 11 Aug · moved 30 Sep
7. Big fundraise Potentially AI Plc AGI£16m

   Placing of 25% of the market value

   Potentially AI Plc is raising £4.9m by placing, 24.9% of its market value; the shares moved −2% on the day.

   Stage CompletedRaise Placing · £4.9mOf market value 24.9%Reaction on the day −2%

   −21% since 30 Sep · moved 30 Sep
8. Big fundraise Maintel Holdings MAI£11m

   Placing of 30% of the market value

   Maintel Holdings is raising £3.5m by placing, 30.1% of its market value; the shares moved +0% on the day.

   Stage CompletedRaise Placing · £3.5mOf market value 30.1%Reaction on the day +0%

   −5% since 30 Sep · moved 30 Sep
9. Big fundraise Thalia Therapeutics plc THAT£10m

   Placing of 25% of the market value

   Thalia Therapeutics plc is raising £2,750,000 by placing, 24.8% of its market value; the shares moved +0% on the day.

   Stage CompletedRaise Placing · £2,750,000Of market value 24.8%Use of the money working capital, development

   −8% since 30 Sep · moved 30 Sep
10. Big fundraise Coiled Therapeutics plc COIL£30m

    Placing of 27% of the market value

    Coiled Therapeutics plc is raising £8.5 million by placing, 26.6% of its market value; the shares moved +0% on the day.

    Stage CompletedRaise Placing · £8.5 millionOf market value 26.6%Reaction on the day +0%

    −8% since 28 Sep · moved 28 Sep

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.