Marine tech firm OTAQ raises £2m in funding for aquaculture, geotracking, and offshore markets.

Lancaster-based marine tech firm OTAQ raises £2m in funding, targeting aquaculture, geotracking, and offshore markets. The fundraising involves conditional placing of convertible loan notes with a 10% cash coupon and a 3.0p share conversion price. Dowgate Capital will handle the placement on behalf of OTAQ. The funding will be used to expand customer base and cross-sell opportunities within core markets.

May 17, 2024
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