The constant flow of new business for BrandShield Systems (BRSD), a provider of cybersecurity solutions continues. It updated regarding its partnership with Coinmama, the cryptocurrency exchange.
By Zak Mir
Coinmama has over three million users globally and this has resulted in a proliferation of attacks from cybercriminals looking to profit from using its brand without permission and gaining false authority.
Shares of Blackbird (BIRD), the cloud native video editing platform group, rose slightly yesterday, after it announced that it has been engaged by FIFA, world football’s governing body, to provide sustainable cloud native video production services to FIFA in a multi-year arrangement. The organization’s distributed production team will use Blackbird for professional level, collaborative cloud native video editing and publishing of football related content.
There was good news of sorts for Amala Foods (DISH) for shareholders as they await the big fundamental breakthrough at the company. Align Research are in on the share register at 16%. Presumably this is off the back of anticipating the arrival of an “established pizza chain,” with which Amala will launch its first product.
There was also TR1 activity at Tungsten Corp (TUNG), as it was announced that “Edmund Truell in respect of shares held by Issus LP , acting by its general partner, Disruptive Capital GP Limited and Long Term Assets Limited” had raised his / their stake to 17% from 14%. This comes as Tungsten earlier this week rejected a £50.5 million takeover offer from Kofax Inc which the financial management company said “significantly undervalues the company”.
As previously described, a lot of corporates are fund raising to enjoy they have enough cash to fill their Christmas stockings. President Energy (PPC), the energy company, updated in relation to the spin-off and IPO of Atome Energy PLC. Atome has successfully completed its fundraising through its brokers and PrimaryBid, and has raised up to £9 million at 80p per Atome Share.
Live Company Group (LVCG) announced an update on KPOP.FLEX and Marwell Zoo, a placing to provide funding for working capital and expansion of the KPOP brand. The company raised £400,000 and said it has “been overwhelmed by the positive reception received for KPOP.Flex and the tickets sold to date reflect that this is a festival with plenty of demand.” It is perhaps just as well the company was not around at the time of Beatlemania.
Sareum Holdings (SAR), the specialist small molecule drug development company, raised approximately £1.63 million. This will enable the company to advance its two proprietary TYK2/JAK1 inhibitor programmes: SDC-1801, which is targeting autoimmune diseases, through Phase 1a clinical development; and SDC-1802, which is targeting cancers, through preclinical development.
Pantheon Resources (PANR), the AIM-quoted oil and gas company, announced an operations update. The company said, it is building on the successful $96 million fund raise last week, and is well positioned for a very busy period of near continuous drilling and testing activity from mid-January until possibly, well into the summer of 2022. It has received formal approval of its Plans of Operations at Theta West and Talitha and continue to work closely with the State of Alaska to finalise the remaining applications. The company did not say whether this would be the last placing before any decent product is delivered.
UK Oil & Gas (UKOG) announces that on the 16 December 2021 Stephen Sanderson, Chief Executive Officer, purchased 985,221 shares in the capital of the company at 0.1015p per share. Mr Sanderson has committed to purchase approximately 7% of his net monthly salary in Shares each month for 12 months with the final purchase expected to occur on 18 November 2022. Given the quantum of his salary, these purchases would not be insignificant.
GSTechnologies Limited (GST), the fintech and information technology solutions company, said that as a part of its ongoing collaboration with Wise MPay Pte Ltd, the company has received 100 million COAL tokens, and has begun staking those tokens on the Coalculus blockchain platform to strengthen its ongoing commitment to launch its planned neobanking platform, including GS Money digital currencies.
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