Golden Rock Global to acquire software company 2Mee

(Alliance News) - Golden Rock Global PLC on Thursday said it has signed an initial deal to ...

Alliance News 17 August, 2023 | 11:12AM
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(Alliance News) - Golden Rock Global PLC on Thursday said it has signed an initial deal to acquire software firm 2Mee.

Golden Rock is a special purpose acquisition company, while 2Mee is a York-based software company that has developed a "next-generation omnichannel communication platform that delivers influencers as on-screen web and app ‎messages".

Golden Rock said the consideration for the acquisition is subject to due diligence, but is expected to fall between GBP6 million and GBP8 million, and will be paid via the issue of new shares in Golden Rock.

The firm said it will also undertake fundraising in order to build further working capital for the enlarged company.

The acquisition would constitute a reverse takeover, the company said, following which Golden Rock will apply for the re-admission of its shares to the Main Market of the London Stock Exchange.

Golden Rock shares were suspended on Thursday, ahead of the proposed acquisition.

Golden Rock shares last traded at 2.81 pence each on Tuesday afternoon in London. On Thursday afternoon, they were quoted at 3.05p.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Golden Rock Global PLC 3.05 GBX 0.00 -

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