Haydale raises cash to get nearer to profitability

Haydale Graphene Industries (LON: HAYD) has raised £5m at 2p a share and an open offer at the same price could raise up to £510,000. This will fund the scaling-up of operations.

Haydale is developing inks and other products using its graphene technology that can be used in the aerospace, automotive, medical and electronics markets. It has its own scalable process called HDPlas that enables the production of these products.

The fundraising was announced as the market was closing and the sh...

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