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And the more likely it is that subsequent private equity fundraising will also fail.
Net cash used was $22.4m, and mostly funded by the equity fundraising, after issue costs, of $35.2m.
Shares in car dealer Inchcape have suffered today after the company said it was considering an equity fundraising.
According to the City watchdog, Einhorn was told by a corporate broker acting on behalf of Punch Taverns that the company was preparing a significant equity fundraising.
Land of Leather has received indications of support for the equity fundraising from shareholders, including its directors, who together hold over 50% of its issued share capital".
In the FTSE 250, car dealer Inchcape slipped 2.75p to 44p after the company said it was considering an equity fundraising.
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SWARM is a crowdfunding platform that allows for crypto-equity fundraising.
While the business is financed through a combination of private equity, loans, grassroots fundraising events and crowd funding platforms, it broke even in its first year and grew by 40percentt in its second year.
Through a device known as a secondary sale, you can put up some of your very own hard-earned equity in a fundraise process, and sell your shares at the round price.
Glentham Capital will on Monday launch a second round of fundraising on equity crowdfunding platform Seedrs.
Compared with traditional fundraising methods, equity crowdfunding is more efficient with lower costs and barriers to entry, which is useful to start-ups (Zhang 2016).
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