CyanConnode Holdings plc, a world leader in narrowband radio frequency (RF) smart mesh networks, has provided an update on its Placing and Subscription fundraising. The company expects First Admission to occur on November 15, 2023, and Second Admission on November 16, 2023. In addition, John Cronin, Executive Chairman, will subscribe for 300,000 new Ordinary Shares through the Subscription rather than the Placing. First Admission will consist of 2,600,300 new Ordinary Shares, while Second Admission will comprise 24,588,200 new Ordinary Shares. The total amount to be raised in the fundraising is £2.7 million.