Falanx Group Ltd (GB:CHL) has released an update.
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Cloudified Holdings Limited has raised £500,000 through a subscription to pursue a reverse takeover in the media and entertainment sector. The company plans to use the funds, alongside existing cash reserves, to complete the acquisition, promising significant shareholder value with a potential 536% uplift. This move marks an exciting opportunity for Cloudified to re-enter the AIM market with Salonica Capital’s support.
For further insights into GB:CHL stock, check out TipRanks’ Stock Analysis page.