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Falcon Acquisitions maiden purchase months away

Gert Reider, executive chairman of Falcon Acquisitions Limited (LON:CGH) says the hunt for the acquisition that will transform it from a shell company to a trading entity is ongoing.

It’s on the lookout for its first deal in the over-the-top or OTT space. “We want to invest into existing companies with proven technology and scalability,” says Reider who is searching for the candidate that adds the most value to shareholders. 

After raising £1.6mln in the January listing and a further £2mln through a placing there’s money in the bank. “Give me a couple of months," says Reider "and I’ll come back with good news for our shareholders.”

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