Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Gfinity ( (GB:GFIN) ) has shared an update.
Gfinity has signed an exclusive license agreement with 0M Technology Solutions Ltd to commercialize its Connected IQ (CIQ) technology, which is aimed at the connected video market. The company has also raised £245,000 through a subscription with third parties, with additional funding from its CEO, totaling £260,000. This will support the commercialisation of CIQ and other business opportunities. The agreement allows Gfinity to integrate its advertising and media networks with CIQ’s existing relationships with major agencies and platforms. The company has also been granted an option to purchase 0M and CIQ after one year for £2 million. The new funding will be used to develop CIQ and provide working capital, while the issuance of warrants to subscribers offers further investment opportunities.
More about Gfinity
Gfinity PLC operates in the esports and digital media industry, focusing on connected video markets. The company’s primary services revolve around the commercialisation of artificial intelligence technology for enhancing video content delivery and monetization. Gfinity targets sectors such as Connected TV, Online Video, and Artificial Intelligence, aiming to leverage its network in advertising and digital media monetization.
YTD Price Performance: -31.25%
Average Trading Volume: 44,128,690
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £2.34M
See more insights into GFIN stock on TipRanks’ Stock Analysis page.
