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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.
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La empresa de tecnología marina OTAQ recauda 2 millones de libras esterlinas en financiación para la acuicultura, el seguimiento geográfico y los mercados extraterritoriales.