StocksMedium•28 September 2026•
1 min read
TomCo Energy Shares Plunge 34% Following Discounted £700,000 Fundraise
Key Facts
1TomCo Energy shares fell over 34% to 0.03p following the announcement of a fundraising round.
2The company raised £700,000 by issuing 2.8 billion new shares at 0.025p each.
3The new share issue price represents a 35.9% discount to Friday's closing price of 0.039p.
TomCo Energy shares fell over 34% to 0.03p on September 28, 2026, following the announcement of a £700,000 fundraising round. Proactive Investors reported that the company raised the capital by issuing 2.8 billion new ordinary shares at a price of 0.025p each.
The new share issue price represents a 35.9% discount to the closing price of 0.039p recorded on Friday, September 25, 2026. The execution of this highly dilutive equity raise at a deep discount triggered the sharp sell-off in the company's valuation.