KRM22 Issues New Shares to Settle Acquisition Costs

KRM22 (GB:KRM) has released an update.

KRM22 plc, a technology and software investment company focusing on risk management for capital markets, has issued 60,748 new ordinary shares at £0.85 each to partially settle deferred consideration for the acquisition of Object+. This action is part of an effort to conserve cash within the group, with US$600k of deferred consideration still outstanding. The newly issued shares are set to commence trading on AIM on 18 October 2024 and will be on par with the existing shares.

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