Artificial intelligence (AI) software and simulation company Intelligent Ultrasound plans to raise 6.25 million pounds (6.8 million euros) in a placing of 62.5 million of its ordinary stock shares.
The company also plans to raise 250,000 pounds (270,721 euros) through the issue of 2.5 million open offer shares, it said.
The proceeds will be used to develop and launch the company's first ScanNav products, according to the firm.
