Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81), in a statement after Tuesday's close, confirmed an oversubscribed retail offer raised its targeted £150,000, taking total proceeds from its placing and retail offer to £650,000 before expenses.
The AIM-listed waste-to-energy technology company said the retail offer, announced on 1 June and closed at noon on 2 June, had been fully taken up.
Chief executive Paul Emmitt said the funds raised would help the company “further drive forward our business delivering on our strategy and projects”.
Emmitt added: "We would like to thank all those investors who have taken part in this oversubscribed retail offer and were delighted with the support that we received during the process."