Pinnacle Technology, the Scottish cloud-based solutions group, has gone back to investors to raise another £2.65 million, just a few weeks after a successful £300,000 placing.
The Stirlingshire-based group, listed on the Alternative Investment Market, has issued 883.3 million new shares in a placing that was again oversubscribed.
Chief executive Alan Bonner said: "We are delighted, in this difficult economic climate, to have secured the level of support we have received from existing investors, as well as new institutional investors who have participated in the placing.
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