Client NewsFragrant Prosperity Holdings Limited: Update on Intended Acquisition
CiiTECH completes £2.1 million capital raise via an issue of convertible loan notes ahead of Reverse Takeover
Further to its statement on 24 May 2021, the Company is delighted to announce that CiiTECH Limited, (“CiiTECH”) has successfully raised £2.1 million through the issue of Convertible Loan Notes, (the “CLNs”) to FastForward Innovations Ltd, (AIM: FFWD) and other investors, including professional family offices and ultra-high-net-worth individuals.
The capital will be used to fund CiiTECH’s marketing strategy, invest in new talent, build essential operational infrastructure to support future growth and finance the planned reverse takeover of the Company, (the “RTO” or “Intended Acquisition”).
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