Bidstack Group PLC (AIM:BIDS, OTC:FTBGF) confirmed the close of its retail share offer, raising around £480,000 in additional capital.
The in-game advertising company, in a statement after Thursday’s market close, said it will now issue 16.67mln new shares in the Rex Retail offer process, with each share priced at 2.85p.
It came in step with £10mln of equity funding confirmed earlier on Thursday through an equity placing and a £5mln direct share subscription from video game industry service provider Irdeto, which specialises in cybersecurity, anti-cheat and anti-piracy technology.
Overall, Bidstack is issuing a total of 367.94mln new shares, representing more than 38% of the company’s enlarged share capital, to raise £10.48mln of gross proceeds.