GSTechnologies Raises £1.925M in Placing and Retail Offer
The fintech company has raised £1.925 million through a placing and retail offer, with the funds to be used for building its Bitcoin treasury reserve.
The fintech company has raised £1.925 million through a placing and retail offer, with the funds to be used for building its Bitcoin treasury reserve.
The technology company has announced a £2 million fundraise through a placing and retail offer, with the new shares priced at a 12.7% discount to the previous closing price.
The fintech company has raised £1.75m through a discounted share placing, with the new shares issued at a 12.73% discount to the previous closing price.
The fintech company has formally adopted a Bitcoin treasury reserve policy, allowing it to hold a significant proportion of its cash resources in Bitcoin.
The executive chairman of the fintech company has purchased additional shares in the business.
The fintech company has appointed a new auditor following the merger of its previous auditor with another firm.
The non-executive director of the technology company has sold a portion of their shareholding.
The fintech company has successfully integrated its Bake Cryptocurrency Platform and signed an agreement to acquire a regulated payments business in Poland, expanding its European footprint.
The fintech company has raised £500,000 through a retail offer, with the shares issued at a 16.7% discount to the current price. While the strong investor demand is positive, the discounted raise could signal low appetite for the company's shares.
IT services company GSTechnologies sees directors increase stake, but no other business updates provided.