Strategic investor backs SRT Marine’s £10m fundraise
A global marine technology company is to take a 9% stake in SRT Marine as part of a £10m fundraise by the Bath-based company.
Ocean Infinity is to invest £7.0m, with a further £3.0m to be raised from a share placing with new and existing investors, and £0.5m from a retail offer.
The fundraising is "to strengthen the company's balance sheet and facilitate the growth of both the surveillance systems and navigation transceivers businesses".
SRT, which is listed on the Alternative Investment Market, has pioneered the next gen... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
