Situations
Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.
Large or deeply discounted share issues.
Today
Thursday
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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 -
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 closeNext General Meeting to approve the fundraise, then Admission 11 Nov · in 16 days
Wednesday
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.