LONDON - CAP-XX Limited (AIM: CPX), a company specializing in the design and manufacture of supercapacitors, announced today that its shareholders have approved all resolutions during a General Meeting, paving the way for an increase in the company's share capital.
The resolutions passed at the meeting included the issuance of 2,386,015,935 new Ordinary Shares related to the Second Placing, the Subscription, and the Retail Offer. These new shares are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) at 8:00 a.m. GMT on December 9, 2024.
Following the admission of the new shares, CAP-XX's total issued share capital will consist of 5,743,226,337 Ordinary Shares, each carrying voting rights. The company has not provided further information on the specific use of proceeds from this share issuance.
CAP-XX is known for its thin, prismatic supercapacitors, which are used in a variety of electronic devices, from portable electronics to larger applications such as automotive and renewable energy systems. Their supercapacitors are recognized for their high-power density and energy storage capacity within a compact form factor.
The announcement follows the company's previous communication on October 31, 2024, which outlined the terms of the share issuance. This press release statement serves as the source of information for this news article.
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