The Aquis-listed firm stated it has raised £516,000 via the inserting of 51.6mln new shares at a worth of 1p every, a 53.8% premium to its closing worth on Monday
Higher Thames Holdings PLC (LON:UPPT), the renamed PCG Leisure, stated it has obtained agency inserting commitments to boost £516,000 via a personal placement with a view to speed up its new enterprise technique, which features a world blockchain initiative.
The Aquis-listed firm stated it has raised the funds via the inserting of 51.6mln new shares at a worth of 1p every, a 53.8% premium to its closing worth on Monday.
Higher Thames additionally stated that the brand new focus of the agency going ahead might be linking typical, mainstream forex merchandise denominated in fiat currencies reminiscent of USD and GBP, into the world of cryptocurrency, which it stated “opens up a spread of recent alternatives”.
It stated merchandise will cowl ideas such because the buying and selling of USD or GBP securities on crypto exchanges, in addition to the buying and selling of bodily property on blockchain buildings.
“This can be a very thrilling transfer for Higher Thames, and we plan to enter a sector that could be a main alternative within the crypto and blockchain market. We’ve recognized the best pool of mental capital and expertise companions to roll out our technique and look ahead to updating the market as materials occasions happen”, chairman Richard Poulden stated in a press release.
“Tesla shares already commerce as a crypto by-product on the Bittrex World trade in Bermuda. From our discussions with Bittrex we consider that this may be prolonged to cowl a spread of shares and different devices offering a bridge between these giant swimming pools of funding”, he added.