Business
Update on Equity Fundraising
Update on Equity Fundraising.
About this update from Krm22 Plc
[{"type":"text","content":"\n \n \n RNS Number : 3681M\n KRM22 PLC\n 11 May 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY. IT IS NOT AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF KRM22 PLC WHETHER IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR OTHERWISE OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AND UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n KRM22 plc\n(\"KRM22\", the \"Group\" or the \"Company\")\n \n \n Update on Equity Fundraising \n \n \n KRM22 plc (AIM: KRM), the technology and software investment company focused on risk management for capital markets, announces that, further to its announcement of 7 May 2020, the Company is in discussions with its shareholders and certain other investors regarding an equity fundraising (the \"Fundraise\"). The Company is pleased to confirm that it has received a firm commitment for an equity investment of approximately £1.0m at 30 pence per share in the Fundraise. This exceeds the Company's original target for the Fundraise. The Company remains in dialogue with other existing and new potential investors regarding additional investment to add to the total funds raised and a further announcement will be made once the investor road show has concluded and the Fundraise has completed which is expected on 14 May 2020. \n \n \n The proceeds of the Fundraise will go to strengthen the Company's working capital facilities and accelerate the Group's growth.\n \n \n finnCap Ltd is acting as n...