RNS excellent news!!18 Oct 2023 15:59
Oh dear spreadbetters and shorts lols so key points here ⬇️ as the SP will smash through 50,60,70 now! We are back in the game so the claim by trolling derampers turns to dust - BIDS they have the money so part of company no longer going ‘private’ so we retain ALL the profits. Woohoo! IMHO GLA
Following further discussions between the Company, its advisers and VST, and the entering into the Agreements outlined herein, it has been resolved, at this point, not to progress further with the proposed new multi-year licensing agreement between Bidstack and VST on the (non-binding, subject to contract) terms which were outlined in an announcement dated 29 September 2023. Discussions will continue with the new management of VST around the potential of the Company and VST working together in some capacity, but with a materially revised structure, to support the growth of the Company's sports offering.
James Draper, CEO of Bidstack said:
"The loan agreement with our strategic investor Irdeto provides Bidstack with additional working capital to focus on execution of recently announced commercial partnerships. We are grateful for Irdeto's continued support at this pivotal inflection point for Bidstack and the in-game advertising industry."
Kelly van Krieken, Director - Corporate Development of Irdeto said:
"Irdeto is pleased to announce the extension of our strategic support for Bidstack. The in-game advertising market is an exciting growth area in the video game space, and we look forward to the opportunity that this continued investment will bring."