28th Dec 2022 10:59
IAmFire PLC - London-based investment issuer focusing on social commerce, life sciences and natural resources opportunities - Subscribes for further convertible loan notes in e-commerce platform WeShop Holdings Ltd, following prior subscriptions on December 1 and July 6.
IAmFire subscribes for a further GBP500,000 of CLNs in WeShop. This was after subscribing to GBP3.8 million of CLNs on July 6 and GBP2.0 million on December 1.
Same as early December, the conversion price is 200.00 pence per WeShop ordinary share. This means IamFire would receive 1.3 million ordinary shares or 4.4% of share capital in WeShop, if it converted all of the convertible loan notes subscribed for this month, worth GBP2.5 million.
Current stock price: 2.45 pence
12-month change: down 25%
By Tom Budszus, Alliance News reporter
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