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IN BRIEF: GSTechnologies raises cash to fund future growth

14th Jan 2025 21:26

GSTechnologies Ltd - Perth, Australia-based fintech company - Raises GBP2 million via placing at 1.90 pence per share. In addition, plans to raise GBP250,000 via retail offer at the same price. Funds raised will be principally used to accelerate the implementation of the GS Money strategy, including the advancement of the recently acquired CAKE business and Bake Cryptocurrency Platform, and potentially via further acquisitions.

Current stock price: 2.00 pence, down 27% in London on Tuesday

12-month change: up 63%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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