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Gunsynd PLC - London-based investment firm - Notes investee company Media Tech SPAC PLC, a public unlisted special purpose acquisition company, has agreed to acquire Scandinavian film and TV production SaaS platform Drylab AS.
Peter Ruse, a director of Gunsynd, comments: "Gunsynd is pleased to see that MTS has achieved what they set out to do; deliver a value adding acquisition for shareholders. Given their extensive experience in the Media and Technology sectors, we believe the MTS board is well equipped to scale the Drylab business and capture a piece of the high growth global film and video market."
Current stock price: 0.65 pence
Year-to-date change: down 64%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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