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IN BRIEF: Falanx Raises GBP1.3 Million To Expand Triarii Platform

Tue, 29th Sep 2020 19:40

Falanx Group Ltd - cyber security and strategic intelligence services firm - Raises GBP1.3 million through issue of 125.0 million shares at a price of 1.0 pence per share, through a placing for which Stifel Nicolaus Europe Ltd acted as sole broker and bookrunner.

Proceeds from fundraise will go towards working capital purposes, bolstering company's balance sheet and expanding the cybersecurity platform Triarii. Falanx expects proceeds to provide enough working capital in uncertain environment for next 12 months. Now has 517.9 million shares issued overall.

Current stock price: 1.03 pence

Year-to-date change: down 18%

By Dayo Laniyan; dayolaniyan@alliancenews.com

More News

25 Sep 2019 14:41

DIRECTOR DEALINGS: Falanx Chair Alex Hambro Buys 1 Million Shares

19 Sep 2019 11:07

Falanx Annual Loss Narrowed As Core Unit Sees Strong Revenue Growth

(Alliance News) - Falanx Group Ltd on Thursday reported a narrowed annual loss as the cyber security firm saw "contract momentum" from its three operating units.In the year ended

28 Mar 2019 11:15

Falanx Hires Hambro As Chair; Read Steps Back To Chief Executive Role

LONDON (Alliance News) - Cyber security firm Falanx Group Ltd said Thursday Alexander Hambro has been hired as non-executive chair with immediate effect, with acting Chief Executive & Chair to

16 Oct 2018 11:41

Falanx Believes SolarWinds Partnership Could Be "Transformational"

LONDON (Alliance News) - Falanx Group Ltd said Tuesday its partnership with American software company SolarWinds Inc could be "transformational" for the company and could change" by

16 Oct 2018 11:03

Falanx flags potential windfalls from SolarWinds partnership

(Sharecast News) - Cybersecurity and intelligence provider Falanx Group updated the market on its partnership with SolarWinds - the US-based provider of software solutions for network management - on Tuesday, reiterating that Falanx was the first 'SolarWinds Threat Monitoring Service Provider' (TMSP) in the UK and South Africa.

19 Sep 2018 13:43

Falanx Selected By SolarWinds As Threat Monitoring Service Provider

LONDON (Alliance News) - Falanx Group Ltd said Wednesday it has been selected by SolarWinds MSP as first SolarWinds Threat Monitoring Service Provider for the UK and South Africa.Falanx and

19 Sep 2018 10:08

Falanx Group selected as SolarWinds Threat Monitoring Service Provider

(Sharecast News) - Cybersecurity and intelligence provider Falanx Group has been selected by SolarWinds MSP as the first 'SolarWinds Threat Monitoring Service Provider' (TMSP) for the UK and South Africa, it announced on Wednesday.

14 Aug 2018 11:09

Falanx Shares Drop 15% As Annual Loss Widens Despite Revenue Growth

LONDON (Alliance News) - Shares dropped in Falanx Group Ltd said on Tuesday its loss widened as administrative and restructuring costs increased in spite of growing revenue in its recently ended a

14 Aug 2018 09:39

Falanx finally reaches EBITDA profitability after year-end

(Sharecast News) - Cybersecurity and intelligence services provider Falanx Group issued its audited results for the year ended 31 March on Tuesday, reporting revenues of £3.0m, up from £2.7m, and an improved gross margin of 31%, compared to 20% in the prior year.

8 Aug 2018 16:20

Latest Share Chat

FLX.L Share News (FLX)

IN BRIEF: Falanx Raises GBP1.3 Million To Expand Triarii Platform

DIRECTOR DEALINGS: Falanx Chair Alex Hambro Buys 1 Million Shares

Falanx Annual Loss Narrowed As Core Unit Sees Strong Revenue Growth

Falanx Hires Hambro As Chair; Read Steps Back To Chief Executive Role

Falanx Believes SolarWinds Partnership Could Be "Transformational"

Falanx flags potential windfalls from SolarWinds partnership

Falanx Selected By SolarWinds As Threat Monitoring Service Provider

Falanx Group selected as SolarWinds Threat Monitoring Service Provider

Falanx Shares Drop 15% As Annual Loss Widens Despite Revenue Growth

Falanx finally reaches EBITDA profitability after year-end

UK Earnings, Trading Statements Calendar - Next 7 Days

Falanx Renews GBP600,000 UK Government Contract For Two Years

Falanx Group Wins New Contracts Worth GBP900,000 In New Revenue

Falanx Pleased With Progress Of Recent Acquisition First Base

Falanx Appoints New Leadership Following First Base Acquisition

WINNERS & LOSERS SUMMARY: Investors Lose Appetite For Just Eat

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IN BRIEF: Falanx Raises GBP1.3 Million To Expand Triarii Platform

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