By Joe Hoppe
Seeen PLC said Friday that it has raised gross proceeds of around 2.6 million pounds ($3.1 million) in a fundraising, to be used to bolster the sales and marketing team and invest into technology development projects.
The London media-and-technology platform had first disclosed on Dec. 7 that it planned to raise up to GBP3.1 million in a share placing and open offer.
The company said then that it planned to place around 42.8 million placing shares at an issue price of 6 pence a share, a 14.3% discount to its closing price on Dec. 6.
Admission of the shares is expected to take place on Dec. 30.
Shares at 0950 GMT were flat on 6.5 pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
Gloss