Low Carbon Accelerator Limited (the "Company" or "LCA") announces that it has made a further investment of £1,175,000 in QuantaSol Limited ("QuantaSol") as part of an overall £1,975,000 funding round with Imperial Innovations. LCA will invest the amount in two tranches: £892,405 immediately and a further £282,595 on the achievement of certain milestones. At the same time, LCA has converted its outstanding £400,000 loan in QuantaSol into equity.
Following completion of the round, LCA will have invested a total of £2,375,000 in QuantaSol and hold 41.4% of the equity on a fully diluted basis.
The original article can be found at Low Carbon Accelerator regulatory news website