4th Dec 2020 15:14
Vela Technologies PLC - UK-based company with investments in early-stage disruptive technology businesses - Enters a subscription agreement to invest GBP200,000 in Cornerstone FS PLC, a cloud-based foreign exchange and international payments platform, as part of a private funding round by Cornerstone to raise around GBP880,000.
Vela has subscribed for 400,000 new ordinary shares in Cornerstone at a price of 50 pence per ordinary share, which values Cornerstone at GBP8.3 million. Following the completion of the funding round, Vela's 400,000 shares will represent 2.4% of Cornerstone's share capital. The funding round is expected to conclude soon.
Current stock price: 0.071 pence
Year-to-date change: down 22%
By Zoe Wickens; [email protected]
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