- Technology solution company Eqtec reached an agreement for a comprehensive restructuring of various payment obligations with its lenders and said it had raised funds through the placing of shares at a discount.

The agreement reduced the company liabilities by approximately £2.7m.

The company said that it had raised £750,000 for general working capital by way of a placing of 227,272,727 new ordinary shares at 0.33 pence per share, representing a discount of approximately 2.9%.

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