Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has received a shareholder update from its investee company Low6 Limited (“Low6”), a UK based, influencer led, B2B pool betting platform for franchises around the world. Low6 offers a white-label pool betting platform for professional sports franchises.
In Q4 2020, Low6 closed a pre-IPO round, organised by Canaccord Genuity. As announced on 14 December 2020, Gunsynd subscribed for 6,667 ordinary shares at a price of £30 per share for a total consideration of 200,010 .
Peter Ruse, Gunsynd PLC Director, commented: “Gunsynd is very pleased to provide this update to our shareholders. The Low6 business has demonstrated strong monthly active user growth since our investment in December 2020, launching its pool betting software across a number of platforms within popular sporting codes. We believe the cost per acquisition of users to the Low6 platform is considerably lower than the industry average and proves the disruptive nature of this business. Furthermore, we are delighted to learn that the business has attracted what it believes to be a high calibre gaming investor to its shareholder register and advisory board.”
About Low6 Limited
Low6 Limited a next generation sports betting platform. Further information can be found at https://low6.co.uk
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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.