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Plethora Solutions raises £6.35mm privately

Executive Summary

Plethora Solutions Holdings PLC (urological therapeutics) has raised £6.35mm ($12.4mm) through the private sale of 3.2mm new ordinary shares priced at £2.20 apiece (about market average) to new and existing investors. The company will use the proceeds to provide Endocare with some of the funds (£4.588mm) required for the £5.4mm purchase of its Timm Medical Technologies division.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Medical Devices
    • Diagnostic Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • Private Placement

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