Oscillate21 Jul 2022 16:11
Oscillate PLC (AQSE: MUSH) is pleased to announce that it has purchased 2,500,000 warrants to subscribe for ordinary shares of Dev Clever Holdings Plc (“Dev Clever”), with an exercise price of 1p per share (“Warrants”), for a consideration of £250,000. The Warrants are exercisable at any time until 21 January 2024.
The ordinary shares of Dev Clever are currently suspended from trading on the standard segment of the London Stock Exchange pending eligibility approval by the FCA and the publication of a prospectus following the acquisition of the entire issued share capital of Veative Labs Private Limited ("VLPL"), a wholly owned Indian subsidiary of Veative, the immersive education materials (including STEM content) company (the “Transaction”).
Dev Clever is currently working with its professional advisers towards the publication of the prospectus to enable the Transaction to complete and the cancellation and re-admission of Dev Clever’s shares to the London Stock Exchange.
A comprehensive update of update on Dev Clever’s acquisition on Veative can be found through the following link:
https://www.investegate.co.uk/dev-clever-holdings/rns/veative-acquisition--trading-and-board-updates/202207191215049815S/