- Supercapacitors maker CAP-XX said it had conditionally agreed to acquire the equipment currently used in the supercapacitor production lines of Murata Manufacturing.

The company also said it had placed shares to raise funds to support the acquisition.

The acquisition represented a 'compelling opportunity to acquire high-quality, modern supercapacitor manufacturing assets, which have become available to CAP-XX at a very low cost,' the company said.

CAP-XX announced that it had conditionally raised approximately £2.61m through the placing of 87,000,001 shares at a price of 3p a share and had also conditionally raised approximately £0.14m by way of a subscription of 4,666,666 shares in the company.

The acquisition, the placing, the subscription would be put to a shareholders vote.

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