Revolution Bars (GB:RBG) has released an update.
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Revolution Bars Group has rescheduled its General Meeting to June 14, 2024, to address the proposed £12.5m equity fundraising and restructuring plan, which is crucial for the company’s survival. The Board has advised shareholders to vote in favor of the fundraising to avoid losing their entire investment, as no alternative proposals have been deemed financially beneficial to shareholders. Significant shareholder support has been secured with irrevocable undertakings representing 28.8% of the issued share capital.
For further insights into GB:RBG stock, check out TipRanks’ Stock Analysis page.
