Business
Update - Low 6 Limited
Update - Low 6 Limited.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8440U\n Gunsynd PLC\n 08 April 2021\n \n \n \n \n \n \n Gunsynd plc\n \n \n \n \n \n (\"Gunsynd\" or the \"Company\")\n \n \n \n \n \n Update - Low 6 Limited\n \n \n \n \n \n Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an update for its investee company Low 6 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.\n \n \n \n \n \n User Base\n \n \n \n \n Low6 now have over 122,000 users. 85% of the users are Gen Z and Millennials - a target demographic of many gaming companies worldwide. Its PubWars apps went into soft launch on the 1 April 2021. The soft launch is a 4 week period where user numbers are limited, feedback is collated, and changes made to game play. In the first 7 days of soft launch over 2,000 entries were made, and circa £2,000 wagered.\n \n \n \n \n \n \n Low6's Uber Eats Weekly 7 game has also gone live and, since the previous shareholder update, Low6 has signed a number of new partners, including Hull City FC, IFL TV, WTF1. Discussions are on-going with other potential US partners. \n \n \n \n \n \n \n \n \n \n \n \n \n Fundraising\n \n \n \n \n As previously announced Low6 extended the Pre-IPO round to allow a very well respected figure in the worldwide gaming industry to invest a significant sum in Low6 and join the advisory board from the IPO. This has all been completed as expected.\n \n \n \n \n \n IPO\n \n \n \n \n Low6's IPO plans remain on track, with a listing expected in Q2. \n \n \n \n \n \n \n \n Peter Ruse, Gunsynd Plc Director, commented: \n \n \n \"We continue to be impressed\n \n \n with Low6's progress since our investments in late 2020 and February 2021. The business continues to significantly increase users as it rolls out new apps in partnership with globally renown sporting brands and work with new influencer partners. A with the additional funding and the IPO event due to occur this quarter, it's exciting to see how the team can scale the business further.\"\n \n \n \n \n \n \n \n About Low6 Limited\n \n \n \n \n Low6 Limited a next generation sports betting platform. Further information can be found at https...