CyanConnode Holdings plc

CYAN

GB00BF93WP34

Semiconductors

Market Closed - London S.E. Other stock markets 11:35:25 2024-04-26 am EDT			5-day change	1st Jan Change
8.3 ^GBX	0.00%		-4.05%	+0.61%

Apr. 16	CyanConnode shares jump as revenue "materially" ahead of expectations	AN
Apr. 15	CyanConnode Wins New Supply Order for Omnimesh Modules	MT

CyanConnode plans to raise GBP2.5 million for strengthen balance sheet

November 08, 2023 at 01:12 pm EST

(Alliance News) - CyanConnode Holdings PLC on Wednesday said it plans to raise about GBP2.5 million through a placing and subscription of shares.

CyanConnode is a Cambridge, England-based narrowband radio frequency mesh networks provider.

The shares are priced at 10 pence each. This represents a 1.0% discount to the closing price of 10.10p on Tuesday.

Shares in CyanConnode closed up 4.0% to 10.50p in London on Wednesday.

"The net proceeds of the fundraising will be used to further strengthen the company's balance sheet, to fund long lead time critical components and to fund resourcing required to manage the scale-up of the company," CyanConnode said

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about CyanConnode Holdings plc

CyanConnode shares jump as revenue "materially" ahead of expectations	Apr. 16	AN
CyanConnode Wins New Supply Order for Omnimesh Modules	Apr. 15	MT
CyanConnode shares edge higher on latest module contract in India	Apr. 15	AN
CyanConnode Holdings plc Receives Order for New Deployment in India	Apr. 15	CI
CyanConnode partner JST receives Thai utility project order	Feb. 12	AN
CyanConnode Receives New Order from JST Group	Feb. 12	MT
CyanConnode Holdings plc Announces Change in Non-Executive Director	Jan. 15	CI
CyanConnode shares climb on order win for 1 million Omnimesh modules	Jan. 11	AN
AIM WINNERS & LOSERS: Windward sails higher; Nostra Terra raises funds	Jan. 11	AN
CyanConnode Wins Order for Omnimesh Modules from India; Shares Rise	Jan. 11	MT
Stocks in the green; M&S slides as Tesco edges up	Jan. 11	AN
CyanConnode stays optimistic as revenue surges; loss narrows	Dec. 19	AN
Earnings Flash (CYAN.L) CYANCONNODE HOLDINGS Reports Fiscal H1 Loss GBX-0.72	Dec. 19	MT
Earnings Flash (CYAN.L) CYANCONNODE HOLDINGS Posts Fiscal H1 Revenue GBP5.8M	Dec. 19	MT
CyanConnode Holdings plc Reports Earnings Results for the Half Year Ended September 30, 2023	Dec. 19	CI
CyanConnode Holdings plc Announces Change of Registered Office	Dec. 06	CI
EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM	Nov. 09	AN
CyanConnode plans to raise GBP2.5 million for strengthen balance sheet	Nov. 08	AN
Zotefams wins Nike deal; Serinus in licence extension	23-10-31	AN
CyanConnode Holdings plc Receives Letter of Award for Follow-On Smart Metering Deployment in the Middle East and North Africa	23-10-31	CI
CyanConnode seals contract for 300,000 Omnimesh modules	23-10-10	AN
CyanConnode Wins New Order for Omnimesh Modules in India	23-10-10	MT
CyanConnode Holdings plc Receives Order for 300,000 Omnimesh Modules from Intellismart Infrastructure Private Limited	23-10-10	CI
FTSE 100 Closed Up 0.5% Despite Oil Price Drag	23-10-05	DJ
CyanConnode sees first half revenue multiply as orders rise on-year	23-10-05	AN

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Company Profile

CyanConnode Holdings plc is a United Kingdom-based company. The Company operates Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine (M2M) communication. The Company's RF Smart Mesh Networks are designed for rapid deployment. It is a specialist provider of communication technologies for smart metering, lighting, and the Internet of Things. The Company provides customers with low-power, end-to-end networking solutions with applications that save energy, as well as providing enhanced service delivery and improved business efficiency. Its Omnimesh solution is based on Internet Protocol version 6 (IPv6) 6LoWPAN, is a standards-based wireless neighborhood area network (NAN). It is a secure IP-based M2M platform that uses narrowband radio mesh networks and cellular networks to create scalable, self-healing and self-configuring deployments that enable rapid innovation for the implementation of third-party applications.

Sector

Semiconductors

Calendar

2024-08-01 - Q4 2024 Earnings Release (Projected)

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