IN BRIEF: Crimson Tide raises GBP6.0 million for mpro5 development

Thu, 01st Apr 2021 19:57

Crimson Tide PLC - Tunbridge Wells, Kent-based mobile software firm - Raises GBP6.0 million through the issue of 200.0 million shares at a price of 3.0 pence each.

In addition, 50.2 million shares were sold on behalf of selling shareholders at the same price.

Proceeds will go towards further developing the core mpro5 platform, and developed an app-based version for micro-sized businesses. Finncap Ltd acted as bookrunner.

Current stock price: 3.32 pence

Year-to-date change: up 0.6%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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