Tintra PLC Further re Fundraising (7729T)
26 Noviembre 2021 - 08:44AM
UK Regulatory
TIDMTNT
RNS Number : 7729T
Tintra PLC
26 November 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
26 November 2021
TINTRA PLC
("Tintra", the "Group" or the "Company")
Funding Round
The board of directors of Tintra (the "Board") is pleased to
announce that further to the announcement of 4 November 2021 (the
"Announcement"), the Company's fundraising plans are proceeding in
a positive manner.
The Board has presented to certain High Net Worth Investors and
Family Offices and received soft commitments for the raise that are
now in negotiations to finalise terms (although there can be no
assurance that these will be successfully finalised). It is the
Board's plan to raise between US$10m and US$15m during the current
round (the "Funding Round"), with the first tranche of at least
US$5m planned to be closed by before the end of December. As set
out in the Announcement, it is the Board's intention that the
Funding Round will be closed at a premium to other transactions
completed during 2021.
Further announcements will be made at the appropriate time.
Richard Shearer , Tintra CEO, said, " I'm pleased with the
reception our model has received from investors over the last
couple of months of discussion. We now have sufficient soft
commitments from a number of prospects and are moving into the due
diligence phase of those discussions.
The deal with TMC2 had a positive impact on closing out the
final stages of the prospecting process. The fact that this is the
same team whose AI inventions in Mashtraxx, which sit at the core
of the multi-billion-dollar Triller app, is now focusing its
incredibly impressive skillset on helping Tintra solve the RegTech
gap was material in progressing some of those discussions."
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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END
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