4th Aug 2022 19:35
Cornerstone FS PLC - London-based cloud-based payment services provider - Intends to raise GBP1 million through placing of shares at a price of 6.5 pence each.
SP Angel Corporate Finance LLP will act as sole bookrunner, which will partly decide how many shares will be issued and when the bookbuild closes.
Proceeds will go towards the provision of additional working capital, and invest in expanding its inside sales team.
Current stock price: 9.00 pence
12-month change: down 70%
By Dayo Laniyan; [email protected]
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