Shore Capital acts as Bookrunner on £1.5m placing and subscription, as part of fundraise up to £2.5m, for Quadrise plc

Shore Capital is pleased to have acted as Bookrunner on a £1.5m placing and subscription for Quadrise plc.

The company is also enabling existing qualifying shareholders to participate in an open offer at the issue price to raise additional gross proceeds of up to £1.0m.

Quadrise, a supplier of innovative energy solutions for a cleaner planet, will use the proceeds to support the company’s activities up to 31 March 2025, by which time the trial with MSC should be near completion and projects in Morocco and Utah are expected to be generating commercial revenues, on current timelines.

Shore Capital has acted as Joint Broker since 2018.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Toby Gibbs, Rachel Goldstein

Corporate Broking: Fiona Conroy

For Shore Capital media enquiries, please contact:  

[email protected]