🔴 Invinity Energy Systems is trading 37% down after £25 million share issue at 10p

Invinity Energy Systems is trading at £11.10, down 37.29%, after confirming a discounted £25 million fundraising.

• The issue comprises 250 million new shares at 10p each, a 43% discount to the 17.7p close on October 16, adding to dilution concerns.
• Funding includes £12.2 million from the National Wealth Fund, £10 million from institutional investors and £2.8 million from retail investors.
• Shareholder approval is expected November 11; admission of the new shares is expected around November 12.