Branch² Intelligence
ZENITH ENERGY LTD.: Establishment of At-the-Market Equity Programme
Key takeaway
Zenith Energy Ltd. launches ATM equity programme to raise up to £2m over 12 months, diluting existing shareholders.
- Step 1Zenith Energy launches ATM equity programme to raise up to £2m, diluting existing shareholders.
- Step 2Dilution and weak financials increase supplier credit risk; Zenith may delay payments to vendors.
- Step 3UK oil & gas service SMEs that supply Zenith face revenue shortfalls and potential bad debts.
Source: FCA NSM (Regulated News)
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