Gunsynd backs £1.64mln Media Tech SPAC fund raise
MTS said it is looking to carry out an IPO on London Stock Exchange during the second half of 2021. e-commerce is one area where MTS is looking
The investment comprises a subscription for 1.25mln shares at 4p and is part of a £1.64 capital raising.
Following the fundraise, MTS will have 82.5mln ordinary shares in issue for a pro-forma equity valuation of approximately £3.3mln.
The SPAC will use the money to carry out its search for a suitable acquisition, which is likely to be in e-commerce, new media and/or immersive experiences sectors.
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