TNT15 Jan 2022 13:20
Shares in Tintra PLC (AIM:TNT), the investor in technology plays, soared 338% to 230p this week after two deep-pocketed investors backed the company.
Firstly, the US-based family office of Omar Mangalji, a member of the Canadian Mangalji family, agreed to buy 148,511 new shares at 504p a pop. If that seems massively overpriced for a stock that was trading around 53p last week then at least the investor also has the option to triple its stake through warrants priced at 50p each.
The second investor, an unnamed Gulf-based strategic investor, is subscribing for 297,022 shares at the same price, with the same two warrants for every ordinary share attachment as the first investor.