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An update from Blue Star Capital ( (GB:BLU) ) is now available.
Blue Star Capital plc has announced a capital reorganisation and a conditional subscription to raise £150,000 through the issuance of 7.5 million new ordinary shares. This move is part of a strategy to address the company’s financial constraints and support its investee companies, particularly SatoshiPay and Vortex. The company has also proposed amendments to its Articles of Association and plans to consolidate its shares to increase the share price. Directors are sacrificing their cash salaries, opting for warrants instead, to conserve cash during this period. This reorganisation aims to stabilize the company’s financial position and facilitate future investments.
More about Blue Star Capital
Blue Star Capital plc is an investment company focusing on esports, blockchain, and their applications in gaming and payments.
YTD Price Performance: -85.00%
Average Trading Volume: 21,387,943
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £763.9K
See more data about BLU stock on TipRanks’ Stock Analysis page.
