Velocity Composites Investor to Subscribe for GBP190,000 in Fundraise

By Anthony O. Goriainoff

Velocity Composites said it has received additional demand from a strategic investor to invest 190,000 pounds ($241,053) via a conditional subscription related to the previously announced GBP6.2 million placing.

The U.K. aerospace-materials supplier said Tuesday the investor will subscribe for 475,000 new ordinary…