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Acta Raises $3.4 Million to Fund Hydrogen Development

Dec. 24 (Bloomberg) -- Acta SpA, an Italian clean-energy developer, raised 2.1 million pounds ($3.4 million) by selling shares to fund an expansion of its hydrogen production capacity.

Acta issued 42.2 million ordinary shares at a price of 5 pence a share, the Pisa-based company said in a statement today. Acta fell 7.8 percent to 5.88 pence in London today.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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