Built Cybernetics Shares Drop Following Investment Round to Fund Smart Building Strategy
Built Cybernetics PLC (LSE:BUC) shares fell 12.1% after announcing a £570,000 fundraising round to support its smart buildings strategy. The company issued 37,999,994 new shares at 1.5p each in two tranches, with additional funding planned through a retail offer. The funds will be used for software development, M&A, and working capital.
Topics: fundraising M&A share issuance smart buildings stock price movement