Dowgate Capital is delighted to have acted as broker and lead bookrunner to Windar Photonics PLC on their oversubscribed Placing, raising £5.9m.
Windar’s LiDAR wind sensors are used to remotely measure wind speed and direction on wind turbines globally. The net proceeds of the Placing will be used for growth to strengthen the Company’s balance sheet as it continues to capitalise on strong contract win momentum.
Jørgen Korsgaard Jensen, Chief Executive Officer of Windar, commented: “We are extremely pleased to announce this oversubscribed fundraise which received significant demand from existing and new investors. We are grateful for the continued support of shareholders and are pleased to welcome new high quality institutional and other investors to our register. The proceeds will help us accelerate our ambitious growth strategy.”
Congratulations to Jørgen Korsgaard Jensen, David Lis, Gavin Manson, and the team at Windar Photonics!
Read more here.