Windar Photonics (AIM:WPHO) has launched a retail offer to raise up to £200,000, running alongside a separate placing and direct subscription announced the previous day.
The Danish company makes optical wind sensors used to improve the efficiency of wind turbines.
Each Retail Offer share comes with a warrant to subscribe for one additional ordinary share at 10p, exercisable over three years, though the warrants themselves will not trade on AIM. The offer is open only to existing UK retail shareholders through participating intermediaries on the BookBuild platform, with a minimum subscription of £100 and no maximum.
Completion depends on the wider placing proceeding, publication of Windar's audited accounts for the year ended 31 December 2025, and the lifting of the company's current suspension from trading.
The retail offer is scheduled to close at 4.30pm on 26 August, with results announced the following morning and admission of the new shares to AIM expected at 8am on 28 August.
News Intelligence what this means for the company
Windar Photonics is opening a retail share offer capped at £200,000 to existing UK shareholders, running 25–26 August alongside a wider £4 million placing. Each retail share carries a three-year warrant exercisable at 10p. The offer is conditional on completion of the placing, publication of audited FY25 accounts (due 25 August), and lifting of the company's current trading suspension—expected to resolve on 28 August when new shares admit to AIM.
The retail offer is a small component of a larger fundraise designed to restore trading and fund operations; the £200,000 cap represents less than 5% of the total £4+ million being raised. Completion hinges on three conditions (placing, accounts, suspension lift) all expected to resolve within days, leaving execution risk minimal but near-term.
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