RE: Big sell 152 k5 Jun 2025 18:09
More recently, SatoshiPay announced that Vortex, a wholly owned decentralised exchange platform incubated by SatoshiPay, had achieved $1 million in transaction volumes since launching in Europe and Brazil with $507,000 of the total achieved in May 2025. Meinhard Benn, founder of SatoshiPay, recently joined the Board as a non-executive director bringing with him considerable direct experience and knowledge of the blockchain, crypto, payments and defi sectors.
Following recent announcements related to the progress made at Vortex, the Board wishes to strengthen the Company's financial position to provide it with capital reserves to, inter alia, enable it to further support and invest into SatoshiPay's growth. As such, the Company is proposing to undertake the Fundraise to raise £250,000. This capital injection will provide the Company with investments funds to further support SatoshiPay's growth and better maintain its interest in SatoshiPay in the event of further fundraises as well as providing working capital for the Company.