GSTechnologies Ltd (LSE:GST) announced it has now issued shares in connection to its February acquisition of Semnet, on the nine-month anniversary of the deal.
Consideration shares worth $1 million – 58.84 million shares priced at 1.34p each – have now been issued.
Meanwhile, the company noted that it is continuing ‘strategic preparations’ for the potential listing of Semnet on NASDAQ in the US.
GSTechnologies acquired a 66.67% stake in Semnet in February, in a $1.8 million that saw $800,000 paid in cash upfront.