FastForward Extends Factom Deal By Extra Week To Allow Time For Talks

(Alliance News) - Investment firm FastForward Innovations Ltd said on Thursday that it has ...

Alliance News 25 July, 2019 | 4:01PM
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(Alliance News) - Investment firm FastForward Innovations Ltd said on Thursday that it has extended its agreement for future equity deal with US investment company and blockchains software services firm Factom Inc.

The deal, which expired on Tuesday, was extended to Wednesday next week and FastForward said the extension will give it an extra time to conclude negotiations.

The original deal, which was signed in July 2018, saw FastForward investing an initial USD6.0 million into Factom, with the option of investing another USD9.0 million. At the time, it was FastForward's largest investment.

Shares in FastForward fell 3.0% at 8.00 pence each in London on Thursday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
FastForward Innovations Limited Ord 5.85 GBX 0.00 -

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