GSTechnologies Ltd (LSE:GST), a fintech firm listed on the London Stock Exchange, has raised £2 million through a share placing and plans to give existing shareholders a chance to invest too.
The company sold 105 million shares at 1.90p each and will soon launch a retail offer to raise up to £250,000 more.
The money raised will go towards expanding GSTechnologies’ GS Money strategy, which includes growing its recently acquired CAKE business and Bake Cryptocurrency Platform.
The company also hinted at possible future acquisitions as part of its growth plans.
Further updates are expected in the near future.