HeiQ Plc (LSE: HEIQ), announced that it intends to raise further capital for its sustainable fiber technologies subsidiary, HeiQ AeoniQ GmbH. Accordingly, the Company is now commencing a process seeking to raise equity financing at the HeiQ AeoniQ subsidiary level only. HeiQ Plc's holding in HeiQ AeoniQ is 93%, with Hugo Boss and MAS Regent holding minority interests.

Proceeds would primarily be used to establish HeiQ AeoniQ's first commercial-scale manufacturing facility at its industrial site acquired in First Quarter 2024 in Portugal.