CAP-XX Limited, a leading company in supercapacitor and energy management system design and manufacturing, has announced the exercise of warrants over 85,000,000 new ordinary shares at an exercise price of 0.15 pence per warrant, raising approximately 127,500 for the company. The new ordinary shares are expected to be admitted to trading on AIM, with dealings commencing on or around 6 August 2024.
Following the admission, the company's enlarged issued ordinary share capital will comprise 2,993,226,437 ordinary shares of no par value, with one voting right each. The company does not hold any ordinary shares in treasury, resulting in a total number of ordinary shares and voting rights in the company of 2,993,226,437. Shareholders may use this figure as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company.
CAP-XX Limited is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, as well as in larger applications such as automotive and renewable energy. The company's supercapacitors are known for their very high-power density and high energy storage capacity in a space-efficient prismatic package, making them essential in power-hungry consumer and industrial electronics, as well as delivering similar benefits in automotive and other transportation applications.