All Active Asset Capital Ltd - London-based firm seeking investment opportunities in the technology, software and artificial intelligence space - Proposes fundraise of up to GBP120 million at a price of 80 pence per share, with GBP12 million through a placing of 15 million shares, and GBP108 million via a conditional placing of 135 million shares.
In addition, the company is proposing to acquire a majority holdings in Sentiance NV, at least a 75% interest through the issue of 500 million new shares.
All Active Asset will also intend to set off the repayment of the EUR3.7 million loan made to MESH Holdings PLC in 2020, and lodge a bond in favour of Sentiance.
Shares have been suspended due to the deal representing a reverse takeover under AIM rules, and the company is also proposing the cancellation of its shares on AIM.
Current stock price: 53.50 pence
Year-to-date change: up sharply from 16.50p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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