Quadrise Plc (LSE:QED) has announced a retail share offer to raise up to £1.2 million through the BookBuild platform, following the completion of a separate £1.2 million placing and subscription at the same issue price of 1.0 pence per share. The offer is open exclusively to existing UK retail shareholders from 8 July until 13 July 2026 and could result in the issue of up to 120,000,000 new ordinary shares. Admission of the new shares to AIM is expected on 16 July 2026.
The proceeds will be used to accelerate ongoing projects and customer trials as the company works towards generating commercial revenues. The funding will also provide additional working capital during the anticipated transition to positive cash flow in the 2028–29 financial years, while supporting priority business development initiatives, research and development activities and digitalisation programmes.
Quadrise’s investment outlook continues to be constrained by limited revenue, ongoing losses and increasing free cash flow outflows, while technical indicators remain weak with the shares trading below key moving averages. However, these challenges are partly balanced by the company’s relatively low debt levels, management’s positive outlook on commercialisation milestones and expected short-term liquidity support, although successful execution remains a key factor for investors.
More about Quadrise Fuels International
Quadrise Plc is an AIM-listed energy technology company specialising in lower-cost, lower-emission fuel alternatives and biofuels for the shipping and heavy industrial sectors. The company is focused on advancing customer trials and commercial projects designed to transition its proprietary fuel technologies from development into sustainable revenue generation, while continuing to invest in innovation, business development and operational growth.
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