TIDMTSP

RNS Number : 8818T

TruSpine Technologies PLC

30 March 2021

TruSpine Technologies plc

("T ruSpine" or the "Company")

Proposed Equity Fundraise

TruSpine Technologies plc, (AQSE: TSP) the medical device company focused in the spinal (vertebral) stabilisation market, announces that it is in discussions to raise up to GBP750,000 by way of an equity fundraise, at a price of GBP0.10 per share with a warrant for each share subscribed or placed exercisable at GBP0.15 per share for a period of three years.

There is no certainty nor guarantee that the proposed equity fundraise will complete successfully nor on the same terms described above.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

Enquiries:

 
 Truspine Technologies Plc                                  Tel: +44 (0)20 3638 5025 
 Ian Roberts, CEO 
 
 Cairn Financial Advisers LLP (AQSE Corporate                    Tel: +44 (0)20 7213 
  Adviser)                                                                      0880 
 Liam Murray / Ludovico Lazzaretti 
 
 WH Ireland (Broker)                                       Tel: +44 ( 0)20 7220 1666 
 Adam Pollock 
 
 Walbrook PR (Financial PR                          Tel: +44 (0) 20 7933 7870 or +44 
  & IR)                                                             (0) 7876 741 001 
 Anna Dunphy                                                 truspine@walbrookpr.com

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiÞed by their use of terms and phrases such as "believe", "could", "should" "envisage", "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reßect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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March 30, 2021 02:00 ET (06:00 GMT)

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