18th Oct 2023 17:14
Bidstack Group PLC - London-based in-game advertising firm - Enters loan agreement, subscription and share option agreement and a composite guarantee and debenture with Irdeto BV. Explains these will provide a secured convertible loan note facility of up to four separate tranches of GBP0.6 million each. Notes Irdeto, a leader in digital platform cybersecurity, invested GBP5 million in Bidstack as part of a fundraise in October 2022. Irdeto currently holds around 13% of the total voting rights in Bidstack. Funds received will provide working capital. In addition, proposes a 1,000 for 1 consolidation of shares.
Current stock price: 0.34 pence
12-month change: down 88%
By Jeremy Cutler, Alliance News reporter
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