Audioboom Raises £3 Million to Fund Adelicious Acquisition

An update from Audioboom ( (GB:BOOM) ) is now available.

Audioboom Group PLC has successfully raised approximately £3.0 million through an oversubscribed placing of shares, which will be used to partially finance the acquisition of Adelicious. This strategic move is expected to enhance Audioboom’s market position and expand its operational capabilities, benefiting both the company and its stakeholders by potentially increasing its content offerings and market reach.

More about Audioboom

Audioboom is a leading global podcast company, recognized as the fifth largest podcast publisher in the US by Triton Digital. The company offers a scalable content business supported by its ad-tech and monetization platform, providing commercial, distribution, marketing, and production services for a premium network of top-tier podcasts. Audioboom operates internationally with partnerships across North America, Europe, Asia, and Australia, distributing content through major platforms like Apple Podcasts, Spotify, and Amazon Music.

Average Trading Volume: 82,179

Technical Sentiment Signal: Sell

Current Market Cap: £47.67M

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