Gunsynd PLC Update - Low 6 Limited (8440U)
April 08 2021 - 6:20AM
UK Regulatory
TIDMGUN
RNS Number : 8440U
Gunsynd PLC
08 April 2021
Gunsynd plc
("Gunsynd" or the "Company")
Update - Low 6 Limited
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.
User Base
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 GBP2,000 wagered.
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.
Fundraising
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.
IPO
Low6's IPO plans remain on track, with a listing expected in
Q2.
Peter Ruse, Gunsynd Plc Director, commented: "We continue to be
impressed 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."
About Low6 Limited
Low6 Limited a next generation sports betting platform. Further
information can be found at https://low6.co.uk
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.
The Directors of Gunsynd accept responsibility for this
announcement.
For further information please contact:
Gunsynd plc
Hamish Harris / Peter Ruse +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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