Mobile Streams (GB:MOS) has released an update.
Mobile Streams plc, a mobile content and data intelligence firm, has applied for a block listing of 1.5 billion new Ordinary Shares, which represents 20% of their current share capital. These shares will be allotted upon the exercise of outstanding Warrants, with a potential coverage of approximately 45% of these Warrants, and will rank equally with the existing shares. The company will update the issuance of new shares monthly and may seek further block listings or issue new shares without listing if warrant exercises exceed the current application.
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