The e-sports entertainment group said in a statement on Tuesday that it notes recent press speculation regarding a proposed placing of new shares.
“The company is currently working on completing a placing of new shares at 12p per share to raise approximately £6.7mln,” it said.
“There can be no certainty that such fundraising will be concluded nor as to the timing or terms of such, but a further announcement will be made as required as soon as possible.”
Earlier this month, the company announced that it would buy RealSM, the business behind the fan-orientated sports media platform, RealSport.
Gfinity is paying around £2.4mln for the firm, with the consideration to be settled through the issue to the vendors of 12.3mln Gfinity shares at an assumed issue price of 19.317p each.