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IN BRIEF: Bidstack receives funding from existing investor, Irdeto

Wed, 18th Oct 2023 17:14

Bidstack Group PLC - London-based in-game advertising firm - Enters loan agreement, subscription and share option agreement and a composite guarantee and debenture with Irdeto BV. Explains these will provide a secured convertible loan note facility of up to four separate tranches of GBP0.6 million each. Notes Irdeto, a leader in digital platform cybersecurity, invested GBP5 million in Bidstack as part of a fundraise in October 2022. Irdeto currently holds around 13% of the total voting rights in Bidstack. Funds received will provide working capital. In addition, proposes a 1,000 for 1 consolidation of shares.

Current stock price: 0.34 pence

12-month change: down 88%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Bidstack receives funding from existing investor, Irdeto

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