23rd Dec 2021 19:12
T42 IoT Tracking Solutions PLC - Israel-based wireless, internet-of-things solutions for remote tracking, monitoring and protection of assets, formerly known as Starcom - Raises GBP925,000 through the issue of unsecured convertible loan notes to several new and existing investors.
Net proceeds will be used predominantly for funding the migration to the new business model of tracking shipping containers.
Says lenders will also be granted warrants totalling GBP462,500 on the basis of 1 warrant for every GBP2 of notes.
Current stock price: 16.74 pence
Year-to-date change: more than double from 7.80p
By Paul McGowan; [email protected]
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