FastForward Signs Equity Deal Extension With Investee Factom

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

Alliance News 30 July, 2019 | 3:30PM
Email Form

(Alliance News) - Investment firm FastForward Innovations Ltd said on Tuesday that it has indefinitely extended its simple agreement for future equity with US investee company and blockchains software services firm Factom Inc.

The new deal, for an "unlimited period", comes after the companies agreed a one-week extension of the original agreement to allow for more negotiating time.

The initial deal, which was signed in July 2018, saw FastForward invest 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 were down 3.9% at 8.314 pence each in London on Tuesday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

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

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies