{
  "id": 9581994,
  "title": "MicroSalt launches retail offer to raise up to £100,000",
  "url": "https://urgent.news/2026/09/24/microsalt-launches-retail-offer-to-raise-up-to-100-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T16:10:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/microsalt-launches-retail-offer-to-raise-up-to-100000-93CH-4915870"
  },
  "original_language": "en",
  "account": "LONDON - MicroSalt PLC (AIM:SALT) has launched a retail offer to existing shareholders, aiming to raise up to £100,000 in gross proceeds before expenses, according to a press release issued today. The retail offer involves the issuance of up to 714,285 new ordinary shares at 14 pence each, representing a 3.4% discount to the closing price of 14.5 pence per share on the last trading day prior to the shares entering the Capital Access Window on September 9. Each share comes with one warrant, allowing the holder to purchase an additional ordinary share at 14 pence within three years of the offer's admission. The warrants will not be admitted to trading on AIM. The retail offer builds upon a previously oversubscribed subscription round that raised approximately £1.3 million through the issuance of 9,213,858 subscription shares. A director subscription is expected to generate an additional £140,000. If fully subscribed, the total fundraising effort could raise up to £1.5 million in gross proceeds before expenses. The retail offer's conditions include the passing of resolutions at a general meeting on October 2 at 11:00 a.m. and the admission of retail offer shares to trading on AIM, anticipated at 8:00 a.m. on October 5. As of August 31, MicroSalt had a gross cash reserve of approximately $260,000. The company remains in its commercialization phase and currently experiences monthly net cash outflows. The retail offer will commence at 8:00 a.m. on Thursday and is scheduled to conclude at 5:00 p.m. on Sunday, with Zeus Capital Limited serving as the retail offer coordinator. This report is AI-generated and has been reviewed by an editor.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}