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Evening Standard
Evening Standard
Business
Simon Hunt

WANdisco warns it will run out of cash in two months as it seeks ‘urgent’ $30 million capital raise

WANdisco FCA

Beleaguered tech firm WANdisco has sounded the alarm on its cash levels as it seeks a speedy $30 million capital raise to avert its demise.

The Sheffield-based business said it only has enough working capital to survive till the middle of July and plans to raise fresh funds from shareholders before the end of June.

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