Clean Power Hydrogen plc (CPH2), a UK-based green hydrogen technology and manufacturing company, announced the successful closing of an accelerated bookbuild that raised gross proceeds of £6.1 million. The company, known for its Membrane-Free Electrolyser (MFE) technology, placed and subscribed a total of 81,398,156 new shares at an issue price of 7.5 pence per Ordinary Share. Cavendish Capital Markets Limited acted as the nominated adviser, broker, and bookrunner for the placing. The fundraising included director participation, with 7,432,510 subscription shares issued to company directors and members of the management team. The fundraising is contingent upon the passing of resolutions at a general meeting on 8 January 2025 and admission to trading on AIM by 9 January 2025. The new shares, when issued, will rank equally for dividends and other distributions, contributing to an enlarged issued share capital of 355,082,283 Ordinary Shares post-admission. The circular containing the notice of the general meeting will be published shortly on the company's website for shareholder review.