Devolver Digital, Inc. (GB:DEVO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Devolver Digital, Inc. successfully raised approximately £7.9 million ($10 million) through a placement of new common shares, pricing them at a 10% premium to the prior day’s closing. The Placing Shares, making up about 5.4% of Devolver’s issued share capital, are set to begin trading on the AIM market around July 5, 2024. This strategic move will potentially expand the company’s capital and contribute to its growth in the indie video games publishing market.
For further insights into GB:DEVO stock, check out TipRanks’ Stock Analysis page.