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Audioboom Expands Share Capital with Candy Ventures’ Warrant Exercise

Story Highlights
  • Audioboom is a leading global podcast company with a strong international presence.
  • Candy Ventures increased its stake in Audioboom, affecting the company’s share capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Audioboom Expands Share Capital with Candy Ventures’ Warrant Exercise

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Audioboom ( (GB:BOOM) ) has shared an announcement.

Audioboom Group PLC announced that Candy Ventures exercised warrants over 21,875 ordinary shares, increasing its stake to approximately 12.3% of the company’s issued share capital. This move raises Nicholas Candy’s direct and indirect interest to 14.3%. The admission of these new shares to trading on AIM is expected soon, impacting the company’s total voting rights and share capital structure.

More about Audioboom

Audioboom is a leading global podcast company, ranked as the fourth largest podcast publisher in the US. It offers a scalable content business through its ad-tech and monetization platform, providing commercial, distribution, marketing, and production services for top-tier podcasts. Audioboom operates internationally with partnerships across North America, Europe, Asia, and Australia, distributing content via major platforms like Apple Podcasts, Spotify, and YouTube.

YTD Price Performance: 6.10%

Average Trading Volume: 138,448

Technical Sentiment Signal: Strong Sell

Current Market Cap: £65.34M

For an in-depth examination of BOOM stock, go to TipRanks’ Stock Analysis page.

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