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Further Subscription
The Company has received additional demand from a strategic investor to invest £190,000 by way of a conditional subscription for 475,000 new ordinary shares. The net proceeds from the Additional Subscription will, together with the net proceeds from the Fundraising, be used for CAPEX, people (engineering, software and business development) and working capital for expansion.
Read moreProposed Placing and Subscription
Andy Beaden, Chairman, Velocity, said "This well subscribed fundraise is a key step forward in the development of Velocity into a substantial business. The funds enable us to grow faster and add additional skilled staff in the aerospace composites market. The Board is delighted at the positive response received from investors and their backing of our growth plans at this exciting time."
Read moreREX Retail Offer
REX Retail Offer
Read moreHalf Year Results - Unaudited
Half Year Results - Unaudited
Read moreOur Chairman’s interview with Proactive Investor on 25 May 2023, about the growth opportunities for Velocity
Non-executive chairman Andy Beaden visits the Proactive London studio to discuss the growth opportunities for Velocity
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