Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has invested £50,000 in Media Tech SPAC PLC (“MTS”), a public unlisted special purpose acquisition company.
The MTS investment was executed on the following terms:
· subscription for 1,250,000 ordinary shares at 4 pence per share for a total consideration of £50,000 ;
· Gunsynd’s investment is a part of a of £1,640,000 capital raising supported by institutional and high net worth UK investors ;
· following this capital raising MTS will have 82,500,000 ordinary shares i n issue for a pro-forma equity valuation of approximately £3,300,000; and
· funds from this capital raising will be used to fund on going due diligence expenses associated with the company’s ambitions to facilitate an acquisition which may include businesses within the e-commerce, new media and/or immersive experiences sector(s). MTS has ambitions to carry out an IPO on London Stock Exchange during the second half of 2021.
About Media Tech SPAC PLC
Media Tech SPAC PLC (MTS PLC) is a special purpose acquisition company, the company has been formed to acquire Companies within the media & technology space. MTS PLC is focused on the key areas at the convergence of new economic and content models that address the delivery of digital services to consumers, e-commerce, new media and immersive experiences. MTS has partnerships with Riverfort Global Capital and Sure Valley Ventures who will provide a deal flow. MTS PLC is led by CEO John Mahtani, Non-Executive Chairman Rick Senat and Chief Media Officer Celia Li.
Peter Ruse, a director of Gunsynd, commented: “Gunsynd is pleased to have the opportunity to participate in the financing for Media Tech SPAC PLC (“MTS”). MTS is a special purpose acquisition company that has been established to acquire companies within the technology and media sectors. I have been particularly impressed with the high-profile board of directors that has been assembled at MTS, which aims to deliver an exciting acquisition for shareholders. With the depth of experience on offer, I feel confident on the MTS team’s ability to execute and generate tangible value via a future acquisition(s).”
John Mahtani, CEO of MTS PLC, commented: “MTS PLC is delighted to welcome the participation of Gunsynd PLC in our pre-IPO fund raise. We have received overwhelming interest from investors and companies since the inception of the company. We believe at MTS, together with our partners Riverfort Global Capital and Sure Valley Ventures, we’ll deliver attractive returns for our investors. ”
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company’s ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
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