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Sosandar looking to raise at least 4 million pounds to accelerate growth

1 month ago   |   By

Image: Sosandar, Facebook
British womenswear brand Sosandar is looking to raise at least 4 million pounds to accelerate its growth.
The company has announced a proposed placing of no less than 18.18 million new ordinary shares via an accelerated bookbuild at a price of 22 pence per share.
Additionally, it plans to carry out a separate offer of up to 2.27 million new ordinary shares to raise further gross proceeds of up to approximately 0.5 million pounds.
Sosandar said it would use the net proceeds primarily “to accelerate the execution of its omni-channel strategy through further...
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