Gunsynd PLC Low6 raises US$5 million in pre-IPO funding round (1664A)
January 31 2022 - 6:44AM
UK Regulatory
TIDMGUN
RNS Number : 1664A
Gunsynd PLC
31 January 2022
31 January 2022 Gunsynd plc
("Gunsynd" or the "Company")
Low6 raises US$5 million in pre-IPO funding round
Gunsynd is pleased to provide an update on its investment in
Low6 Limited ("Low6"), which has developed a next-generation sports
betting platform.
Low6 has successfully raised a total of US$5 million in a
funding round which it will use to fund continued growth, in
particular its expansion into the US.
Low6 has steadily grown since inception and throughout 2021 it
continued to build its product and service offering, resulting in
new partners and contracts, including recent partnerships with the
NBA Detroit Pistons, the NFL Cincinnati Bengals, the NFL
Jacksonville Jaguars and the PGA TOUR. Low6 was also awarded the
2020 EGR "Virtual and Fantasy Sports Operator" and "2021 Rising
Star" awards.
Low6's plans to IPO remain on track, with a listing expected in
2022. Further information on Low6 can be found at
https://low6.com/.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBBMBTMTJJBAT
(END) Dow Jones Newswires
January 31, 2022 06:44 ET (11:44 GMT)
Gunsynd (LSE:GUN)
Historical Stock Chart
From May 2024 to Jun 2024
Gunsynd (LSE:GUN)
Historical Stock Chart
From Jun 2023 to Jun 2024