1st Jun 2023 18:07
Silver Bullet Data Services Group PLC - provider of digital transformation services and products - Raises GBP500,000 via the issue of convertible loan notes to provide additional working capital to support the significant growth in sales of 4D and its services offering. Points out that, particularly in the current macroeconomic climate, a number of clients often demand lengthy payment terms. Believes the additional capital will enable the company to continue its strong growth and path to profitability and cash flow positivity. Notes the convertible loan notes have a term of three years and attract interest at a rate of 12% per annum.
Current stock price: 33.60 pence
12-month change: down 67%
By Jeremy Cutler, Alliance News reporter
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