BSF Enterprise PLC (LSE:BSFA), the tissue-engineered materials developer, saw its shares fall 31% to 2.17p after announcing a placing of 25 million new shares at 2p apiece to raise £500,000 before expenses. The fundraise, arranged by Bowsprit Partners, is conditional on shareholder approval at a forthcoming general meeting and admission to the main market, expected on or around 12 June 2026.