The company’s shares have been suspended since 25 July of last year after it announced the proposed acquisition of Orbital Media.
- Read Falcon Acquisitions shares suspended as it unveils potential reverse-takeover
- Read Falcon agrees deal to acquire media tech firm
The company has also raised £4mln through a placing of shares at 25p a pop.
The reborn Falcon Media House will be a holding company that owns and operates a business specialise in the “over the top” (OTT, or ‘red button’) TV market, with three distinct operational activities: technology; distribution; content.
In line with its original acquisition strategy, Falcon's aim is to build an integrated OTT business that can act as a consolidator for content for its own Teevee branded channels and provide a platform for third party operators to launch new OTT services.