Imaginatik has confirmed that, following the announcement made earlier today, the Company has raised a total of £1.4m (before expenses) by way of a conditional placing of 68,731,445 new shares at 2p each.
The Company said the net proceeds of the placing will be used to invest in sales and marketing, development of partnership channels and to support further investment in technology.
The Company also confirmd that Qualifying Shareholders will be given the opportunity to subscribe for New Ordinary Shares through an open offer to raise up to approximately £0.5m, on the basis of 1 open offer share for every 6 shares held, at the Placing Price.
The proposed Placing and Open Offer is subject to the passing of certain resolutions at the general meeting of the Company to be held on 26 June.
At 2:03pm: (LON:IMTK) Imaginatik PLC share price was 0p at 2.13p