- Healthcare intellectual property investor NetScientific said a company it planned to acquire, EMV Capital, had led a £2.3m funding round in Edinburgh-based antenna developer Sofant Technologies.

Scottish Investment Bank, Old College Capital, Kelvin Capital and Wealth Club participated in the pre-series A syndicated round.

This transaction increased assets under advisory by EMV Capital in Sofant by a further £1.6m.

NetScientific's proposed acquisition of EMVC would be voted on at a general meeting on 24 August.

At 1:17pm: [LON:NSCI] Netscientific Plc share price was +0.63p at 8.5p

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