Blackbird PLC Announces Change in Shareholding
The technology company has announced a change in its major shareholder structure.
The technology company has announced a change in its major shareholder structure.
The technology company has completed a Retail Offer, raising £129,163.83 before expenses, and will hold a General Meeting to approve the issuance of new shares.
The technology company is raising up to £2.2 million through a placing and subscription of new shares at a 29.4% discount to the previous closing price, raising concerns about investor appetite and the firm's financial position.
The technology company plans to use the £2 million raised to further develop its elevate.io content creation platform, though the discounted nature of the fundraise raises some concerns.
The technology company provides an update on its cloud-based video editing platforms, highlighting progress with Blackbird and the new elevate.io product.
The technology company has announced its annual general meeting and the availability of its annual report and accounts.
The technology company provides an update on the development and marketing of its elevate.io online video editing platform.
The technology company has announced a change in shareholding, with Premier Miton Group plc now holding 12.98% of the voting rights.
The technology company announces a board member is stepping down due to overboarding concerns.
The cloud-based video editing software developer reported a 17% revenue decline and continued losses. Despite cost-cutting efforts, cash reserves have significantly decreased, raising concerns about future operations.