Water technology cleaning business seeks to raise up to £6m | TheBusinessDesk.com

Rotherham-headquartered water cleaning technology business, Xeros Technology Group, is conducting an initial fundraise to generate £3m.

This will be via a placing and initial subscription of 99,761,789 and 72,085,712 new ordinary shares respectively of 0.1 pence each in the capital of the company, each at an issue price of 1.75 pence per share.

Also, the business is seeking to raise up to a further £2m by way of a follow-on subscription for up to 114,285,714 new ordinary shares each at the issue price. The follow-on subscription will close on or around 26 November 2025.

Alongside the placing and subscriptions the company intends to provide shareholders who have not taken part in the placing or subscriptions with the opportunity to subscribe for up to 57,142,857 new ordinary shares to raise up to approximately £1m at the issue price.

Xeros explains net proceeds of the initial fundraise will provide it with at least 12 months’ working capital. The money will be used to:

• Strengthen the company’s balance sheet, enabling execution of current contracts, pursuit of global opportunities and to provide reassurance to contract counterparties;
• Provide working capital as the business advances commercialisation of its core technologies;
• Provide contingency against timing of royalty income and operational cash flow break-even; and  
• As appropriate, scale operations and accelerate development of other markets and applications for the company’s intellectual property.

Neil Austin, CEO, said: “We have immediate commercial opportunities within domestic laundry for care and filtration, denim processing, and commercial laundry.

“Major global players across these areas are working with us to use our technology to help them improve performance, lessen environmental damage, and save energy, resources and money.

“This fundraise will ensure we continue the positive trajectory achieved in 2025, which is taking us ever closer to the global adoption of Xeros’ technology.”

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Taxonomy

• Mixing Technology
• Technology
• Technology Demonstration
• Inspection technology
• IT
• Membrane Technology