Ilika asks shareholders for £3.4m

Battery technology developer Ilika (LON: IKA) is raising up to £3.4m at 28p/share to spend on the Goliath solid-state battery. This cash should last at least 12 months.

Goliath is a solid state battery that is non-flammable and easier to recycle than rival battery technologies. There is also higher energy density and reduced cell degradation. The main focus is automotive.

A placing and subscription raised £1.7m and a one-for-26 open offer could raise up to £1.7m more. The open offer close...

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