RE: Filling time in!23 Apr 2024 13:59
“…Raising equity can be an offensive or defensive move. Some raise cash from investors to repay debt and strengthen the balance sheet, while others do it to fund ambitious growth or an acquisition. This can define the mood and appetite among investors for an equity raise, which means some are welcomed by shareholders while others are not.“ - IG Trading
It has to be the latter that GST are doing, ie “ to fund ambitious growth or an acquisition”
Easysend and:
“…In addition, the Company is exploring further value enhancing acquisition opportunities that can assist with accelerating the development of the Group as it focuses on developing a borderless neobanking platform providing next-generation digital money solutions. Further announcements will be made in due course, as appropriate...”