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An update from Blackbird PLC ( (GB:BIRD) ) is now available.
Blackbird PLC has announced a retail offer to raise up to £200,000 through the issuance of new ordinary shares at a discounted price of 3p per share. This move follows an earlier announcement of raising £2 million through a placing and subscription of new shares. The funds from both the retail offer and the previous fundraising will be used for the same purposes, although specific details were not disclosed. The retail offer is aimed at existing retail shareholders in the UK, providing them the opportunity to participate alongside institutional investors. The offer is conditional on several factors, including shareholder approval and the completion of the earlier fundraising activities. The company plans to list the new shares on the AIM market of the London Stock Exchange.
Spark’s Take on GB:BIRD Stock
According to Spark, TipRanks’ AI Analyst, GB:BIRD is a Neutral.
Blackbird PLC’s overall score reflects its financial challenges with profitability and cash flow, balanced by its strong equity position and strategic initiatives. The technical analysis indicates stability, while valuation concerns persist due to negative earnings. Recent corporate events suggest potential for growth, tempering some financial weaknesses.
To see Spark’s full report on GB:BIRD stock, click here.
More about Blackbird PLC
Blackbird PLC is a technology company specializing in cloud video editing platforms. It is known for its market-leading product, Blackbird®, and its online collaborative video editing and content creation platform, elevate.io.
Average Trading Volume: 427,524
Technical Sentiment Signal: Sell
Current Market Cap: £17.42M
For detailed information about BIRD stock, go to TipRanks’ Stock Analysis page.