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Falcon Acquisitions raises £4mln prior to readmission to stock exchange

Following completion of the acquisitions of the Quiptel Group and TVNL and the coming into force of three content agreements entered, trading in Falcon shares will resume
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The acquisition of TVNL will provide the company with a brand for OTT streamed content

Falcon Acquisitions Limited (LON:FAL) expects trading in its shares to resume next Monday, 27 March, under the name Falcon Media House.

The company’s shares have been suspended since 25 July of last year after it announced the proposed acquisition of Orbital Media.

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.

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