StockMarketWire.com - Seeing Machines conditionally raised £15m gross via a placing and subscription at 4p a share.

"The placing demonstrates continued strong support by existing shareholders," the company said.

"In addition, the Company will provide an opportunity to certain existing shareholders to raise up to a further £2 million at the placing price under an overseas offer and an Australian offer (the "Offers"), details of which are set out below.

"The net proceeds of the placing and subscription, and the offers would provide growth capital to continue the ongoing commercialisation of the Company's technology, including the FOVIO automotive business.

"The fundraising is conditional upon shareholder approval."



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