Unicorn AIM VCT has launched an offer to raise up to £10m as it sees “further appetite”, despite seeing a £150m decline in its assets under management during its last financial year.
The offer has a £5m over-allotment facility and a maximum of 15 million ordinary shares of 1p each can be issued. It opens for applications at 9am on 6 February and closes on 30 March, or earlier if fully subscribed, or subject to the board's discretion. The VCT's original fundraising was in November 2001 and it had assets of over £220m at the end of 2022. Unicorn struggled last year, with its AUM declining as a result of valuation reductions. During its financial year, which ended 30 September 2022, the VCT's total loss per share for the financial year was 27.5%, which the ch...
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